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WTI Crude Oil Analysis: Keeping an Eye on Economic Growth Metrics

From forex.com

As economic growth indicators guide monetary policies and influence oil demand potential, the current leading indicators include: • Chinese Manufacturing PMI, which posted a reading of 50.4 today, indicating continued expansion in the industrial sector • The U.S. ISM Manufacturing PMI expectation to touch the lower limit of the industrial expansion metric at 50 on Wednesday • Anticipated growth in the U.S ISM Services PMI from 51.4 towards 52 on Friday • The Fed’s economic outlook, to be unveiled following the rate decision on Wednesday, and provide insight into projected growth levels for the U.S economy, and ... (full story)

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