Key events this week: Economic data to push Brent past 2018 peak?

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Brent oil is now less than 2% away from its highest price back in October 2018 above $86/bbl.

Such is the upward momentum in commodity prices that oil was able to shrug off China’s lower-than-expected Q3 GDP and September industrial production data this morning. Despite signs of slowing growth momentum in the world’s second largest economy, that could point to slowing demand for the commodity, oil benchmarks climbed another one percent at the start of the Asian session on Monday.

 

From a fundamental perspective, global investors will be parsing the economic data… Read More:

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