IMF Cuts Global Growth Forecast To 3.6%, Oil Price Plunged 5%
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Although oil prices rose slightly by 1% after API data showed a drop in crude oil inventories this morning, the International Monetary Fund lowered its economic growth forecast and warned of rising inflation in response to the inflation problems caused by the epidemic and the Russian-Ukrainian war. Oil prices tumbled 5% on Tuesday on worries about demand. Pay attention to the EIA data tonight, which will affect the latest trend of oil prices. Today is the NYMEX New York crude oil transfer position in May, the market volatility may be large, please pay attention to the risks.
The trend of USOil can be paid attention to…
-Latest news on the Russian-Ukrainian war
-22:30 U.S. EIA Crude Oil Inventories for the week ending 4/15
-20:30 U.S. Unemployment Claims for the week ending 4/16
-20:30 Philadelphia Fed Manufacturing Index (Apr)
-22:00 Conference Board Leading Indicator (MoM) (Mar)
-21:45 U.S. Markit Manufacturing PMI (Initial) (Apr)
-21:45 U.S. Markit service PMI (Initial) (Apr)
Which will affect USOil trends, and investors must grasp the opportunity of making orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.
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