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Crude Oil Prices Extend Lower Amid Weaker US and Chinese Data

CRUDE OIL PRICE OUTLOOK: Crude oil prices fell for a third day after China reported disappointing retail sales and industrial production figures The University of Michigan consumer sentiment index plummeted to a decade low of 70.3, weighing on demand outlook WTI is testing trendline support, with sentiment tilting to the downside Crude oil prices extended lower during Monday’s APAC mid-day session, marking a three-day decline of 2.35%. The release of poorer-than-exp

MongiIG

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