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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 31/12/2024 08:48

WTI rises to $71.50 as China manufacturing expands

West Texas Intermediate extends its gains for the third successive day, trading around $71.40 per barrel during the Asian session on Tuesday. Crude oil prices have maintained their gains following the release of the NBS Manufacturing Purchasing Managers’ Index (PMI), which indicates that China’s manufacturing sector expanded in December. Factory output in China rose for the third consecutive month, though it slightly dipped to 50.1 in December, down from 50.3 in the previous report and below the market’s expectation of 50.3. This data suggests that new stimulus measures are helping to support the economy of the world’s largest crude oil

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