Oil Market Response to Economic Signals and Geopolitical Shifts

On Monday, oil markets responded positively to economic signals and geopolitical shifts. China’s manufacturing PMI slightly increased, as reported by S&P Global and Caixin, indicating a modest expansion. This index inched from 51.7 in May to 51.8 in June, signaling continued growth in China’s industrial sector. Conversely, the official PMI remained unchanged at 49.5, indicating […]