Crude oil rises ahead of PMI data from key economies
Crude oil traded higher on Tuesday morning as the market is awaiting February’s PMI (Purchasing Managers’ Index) data from major oil consumers such as the US and China.At 9.53 am on Tuesday, May Brent oil futures were up by 0.21 per cent at $82.21 and April crude oil futures on WTI were up by 0.32 […]
China’s Caixin services PMI bounces back in January
A private gauge of China’s service-sector activity bounced back in January to expansionary territory, signaling a quick economic recovery following Beijing’s removal of its stringent COVID-19 containment regime in December. The Caixin China Services purchasing managers index rose to 52.9 in January from 48.0 in December, said Caixin Media Co. and S&P Global on Friday. […]