Crude prices rose due to positive US and Chinese economic reports boosting energy demand.
Crude prices rose on positive US and Chinese economic reports, as stronger manufacturing activity boosted energy demand. May WTI crude oil closed up 0.45% (+0.65%) and May RBOB gasoline closed down 0.39% (-1.06%). Strong US and Chinese manufacturing activity, as well as an increase in the US Mar ISM manufacturing index to 50.3, supported expectations for rising energy demand and crude prices.
April 01, 2024
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