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Market Currents: Ten factors to consider today

stander
stander
in Oil, Gas and Energy News

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It is one hundred and twelve years after the birth of Glenn Miller, and while the oil market was in the mood for an overnight rally, it is now swinging lower. Here are ten energy-related points to consider on this (pinch! punch!) first day of the month:


1) A new month means a new onslaught of economic data releases, and specifically, manufacturing data. China has opened the floodgates overnight, and a bearish wave of numbers have flooded in. Both the official Chinese manufacturing number and the Caixin print were unanimous in being both below-consensus and showing a quickening pace of contraction to boot; the official PMI reached its lowest level since December 2011.


http://fuelfix.com/blog/2016/03/01/market-currents-ten-factors-to-consider-today/


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