💨 Abstract

Oil prices rose 1% on Monday, driven by upbeat manufacturing data from China and optimism about fuel demand. China's manufacturing activity expanded at the fastest pace in three months, boosting production. However, concerns over global economic growth due to potential U.S. tariffs persist. Analysts expect steady oil prices for 2023, balancing any impact from further U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖