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Crude oil futures mixed on output flows and bearish China data

From spglobal.com

Crude oil futures were mixed during mid-morning trade in Asia Tuesday as markets digested bullish reports on Saudi crude exports and bearish reports on China demand data. At 10:35 am Singapore time (0235 GMT), ICE April Brent crude futures were down 40 cents/b (0.60%) from Monday's settle at $66.10/b, while the NYMEX March light sweet crude contract was up 15 cents/b (0.27%) from Friday's settle at $55.74/b. The US markets were closed on Monday on account of Presidents' Day holiday. Saudi Arabia, the world's largest crude exporter, shipped 7.687 million b/d of crude in December, a 548,000 b/d drop from November, when ... (full story)

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  • Category: Fundamental Analysis