Sentiment soured a bit on soft manufacturing data in China and then in the US. WTI crude oil resumed selloff as investors took profit from last week’s rebound which was mainly on hopes of coordinated production cut between Russia and Saudi Arabia. The front-month WTI contract plunged -5.95% at close. The decline in Brent crude was more modest with the front-month contract losing -1.44% for the day.
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US Manufacturing Sector in Worst Contraction since mid-2009
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