United States Construction Spending (MoM) below forecasts (0%) in July: Actual (-0.3%)

Sep 3, 2024

WTI Oil falls to $70 as OPEC production rumors and reduced China demand weigh

West Texas Intermediate (WTI), the US crude Oil benchmark, is declining sharply into the $70.50s, down over 4.0% on Tuesday, as rumors of OPEC+ production cuts and concerns around slowing China demand weigh on the black gold.

United States Construction Spending (MoM) below forecasts (0%) in July: Actual (-0.3%)

WTI Oil falls to $70 as OPEC production rumors and reduced China demand weigh

United States ISM Manufacturing Employment Index: 46 (August) vs 43.4