Crude Oil Holds Gains as Chinese Data Prompts the PBOC to Act. Where to for WTI?


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Crude Oil, China GDP, PBOC, Japan, USD/JPY – Talking Points - Crude oil prices are marching higher as the northern winter arrives - APAC equities were mixed, currency and rates markets were quiet - Energy commodities are up on the day.Will WTI make a new high? Crude oil managed to hold onto Friday’s gains as economic data in Asia had some good news in it and stimulus measures from the PBOC helped the outlook. Chinese GDP printed at 4.0% year-on-year for the fourth quarter against expectations of 3.3% and 4.9% previously. This gave a full year read of 8.1%. Other...