OPEC+ Closely Watches Chinese Factory Data ...Middle East

OILPRICE - Economy
OPEC+ Closely Watches Chinese Factory Data
source : OILPRICE ( Middle East ) () 19
While all eyes are temporarily on the Federal Reserve’s rate hike plans and a virtual meeting of OPEC+ ministers–both on Wednesday–Chinese factory data will also weigh heavily on oil prices, and is exactly what OPEC+ will be watching.  While COVID-19 continues to wreak havoc on Chinese production in the wake of the removal of restrictions related to Beijing’s zero-COVID policy, Asian sources say that January’s manufacturing activity should see a decelerated slowdown, even if it will not yet hit expansion territory.  …

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