Brent Steady On Chinese PMI Data

Brent crude oil traded steadily at $108.55 at 6:55 GMT on Thursday morning after positive data from China offset recent concerns about the state of Cyprus' financial sector.

Chinese manufacturing data contributed to speculation about a better global demand outlook and propped up Brent prices. According to CNBC , the HSBC Purchasing Managers' Index for March was 51.7, up from 50.4 in February.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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