Oil declines over $1 on China COVID curbs, weak factory activity data - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Monday, 31 October 2022

Oil declines over $1 on China COVID curbs, weak factory activity data

"The purchasing managers' index (PMI) data contracting adds to the post-China congress party blues for oil markets. It is not difficult to draw a straight line from weaker PMIs to China's COVID-zero policy," said Stephen Innes, managing partner of SPI Asset Management.

from Commodities-Markets-Economic Times
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