Crude oil prices moved modestly higher in Asian session, ahead of a busy week. Indeed, we expect range-bound to continue as the heavy-loaded economic release and central bank meetings should lead the commodity to trade in no direction. China released the official PMI data over the weekend. The May reading rose to 50.8, compared with 50.4 in April and market expectation of 50.7.
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Crude Modestly Higher, Awaiting Heavy Economic Calendar
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