Crude oil declines as market awaits Chinese PMI data
Crude oil futures traded lower on Monday morning as the market awaited for important economic data from China to assess the demand for the commodity in the global market. At 9.56 am on Monday, April Brent oil futures were down by 0.39 per cent at $82.50 and April crude oil futures on WTI were down […]
Oil falls but poised for biggest weekly gain since early Oct on China hopes
Oil fell on Friday as the market assessed the aftermath of interest rates hikes at central banks, but was poised for the biggest weekly gains in 10 weeks amid supply disruption concerns and hopes for a recovery of demand in China. Brent crude futures fell $1.80, or 2.2%, […]