Oil traders focus on the weak Manufacturing PMI data from China.
Oil markets are moving higher ahead of the weekend.
Saudi Arabia is reportedly ready to raise production in December to defend its market share.
WTI crude approaches $69.50 as China demand concerns weigh on prices. Will a rebound follow or will bearish momentum continue to dominate the market?
Traders worry that China's stimulus measures would not provide sufficient support to oil markets.
China's stimulus measures may boost demand for oil.
The recent escalation in Israel – Hezbollah conflict did not provide material support to oil prices.
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WTI crude remains bullish, stabilizing above $70 with eyes on $73 resistance. Market volatility driven by geopolitical tensions and rate cut expectations.
Tight U.S. supply and Fed rate cuts boost crude oil prices, but weak Chinese demand limits gains. Can WTI break resistance at $72 next week?
Oil markets are moving lower despite rising tensions in the Middle East.
Rising tensions in the Middle East provided support to oil markets.