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Oil Platform IS41371323

WTI crude drops 3% on lagging demand and strong supply

After negative China factory data and news about higher oil production in Russia putting pressure on stagnating demand, prices of crude moved lower on Tuesday.
Date C Impact Indicator Period Actual Survey Prior Revised
Tue Sep 2 01:30 AM
Building Approvals m/m
Jul 2.5%
1.9%
-5.0%
-3.8%
Tue Sep 2 01:30 AM
Building Approvals y/y
Jul 9.4%
7.8%
16.0%
17.6%
Tue Sep 2 04:30 AM
RBA Rate
Sep 2 2.50%
2.50%
2.50%
-
Tue Sep 2 05:45 AM
GDP q/q
2Q 0.0%
0.5%
0.5%
-
Tue Sep 2 05:45 AM
GDP y/y
2Q 0.6%
1.6%
2.0%
-
Tue Sep 2 07:00 AM
Unemployment Change m/m
Aug 8.1K
21.8K
-29.8K
-
Tue Sep 2 08:30 AM
PMI Construction
Aug 64.0
61.5
62.4
-
Tue Sep 2 09:00 AM
PPI m/m
Jul -0.1%
0.0%
0.1%
0.2%
Tue Sep 2 09:00 AM
PPI y/y
Jul -1.1%
-1.0%
-0.8%
-
Tue Sep 2 01:45 PM
PMI Manufacturing
Aug 57.9
58.0
58.0
-
Tue Sep 2 02:00 PM
ISM Manufacturing
Aug 59.0
57.0
57.1
-
Tue Sep 2 02:00 PM
ISM Prices Paid
Aug 58.0
58.8
59.5
-
Tue Sep 2 02:00 PM
Construction Spending m/m
Jul 1.8%
1.0%
-1.8%
-
Tue Sep 2 11:30 PM
AiG Services
Aug 49.4
-
49.3
-
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