{"id":59613,"date":"2014-09-01T07:09:48","date_gmt":"2014-09-01T11:09:48","guid":{"rendered":"http:\/\/countingpips.com\/?p=59613"},"modified":"2014-09-01T07:14:27","modified_gmt":"2014-09-01T11:14:27","slug":"wti-crude-falls-as-china-factories-slows","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/wti-crude-falls-as-china-factories-slows\/","title":{"rendered":"WTI Crude Falls as China Factories Slows"},"content":{"rendered":"
September 1, 2014<\/div>
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By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Futures for the West Texas Intermediate (WTI) crude slid on Monday, ending the longest rising streak since February after a survey showed that China\u2019s manufacturing eased in August, while the oil production within the Organization of Petroleum Exporting Countries (OPEC) was seen rising to the highest level in a year.<\/p>\n

The North American West Texas Intermediate (WTI) for October delivery fell 0.38% lower to $95.60 a barrel on the New York Mercantile Exchange at the time of writing.<\/span><\/p>\n

While Futures for the European benchmark Brent crude for October settlement traded 0.23% lower to $102.95 on London\u2019s ICE Futures Europe exchange.<\/p>\n

Meanwhile, data from the US Commodity Futures Trading Commission showed that money managers increased net-long position on WTI by 0.6% in the week ending August 26.<\/p>\n

China<\/span><\/h2>\n

The Chinese manufacturing sector was seen expanding at a slower pace in August, as the government\u2019s Purchasing Managers Index came in at 51.1, compared to analysts\u2019 estimates of 51.2. Oil traders continue to monitor the country\u2019s manufacturing sector, as China is the world\u2019s second biggest crude consumer.<\/p>

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OPEC<\/span><\/h2>\n

The Organization of Petroleum Exporting Countries increased its crude output by 891,000 barrels a day to 31 million in august, according to a Bloomberg survey.<\/p>\n

In Iraq, OPEC\u2019s second-largest producer, the nation boosted crude output by 90,000 barrels a day to 3.09 million in August, a survey shows. The advance of Islamic State, a militant group, has spared the Iraq\u2019s southern region, home to almost three-quarters of nation\u2019s production.<\/p>\n

Ukraine<\/span><\/h2>\n

In Ukraine, the conflict continues as pro-Russia rebels attached two-coast-guard vessels after European Union leaders agreed to impose new sanctions on Russia, the world\u2019s biggest energy exporter, if the crisis continues.<\/p>\n

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The post WTI Crude Falls as China Factories Slows<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Futures for the West Texas Intermediate (WTI) crude slid on Monday, ending the longest rising streak since February after a survey showed that China\u2019s manufacturing eased in August, while the oil production within the Organization of Petroleum Exporting Countries (OPEC) was seen rising to the highest level in a year. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-59613","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=59613"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/59613\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=59613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=59613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=59613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}