The price of the WTI crude oil futures are settling at $83.71 - its highest close since October 27, 2023. The price is up $0.54 or 0.77% on th day. The high price today reached $84.49. The low price was at $82.60.The gains today come after a 3.2% increase last week. China's Caixan Manufaturing PMI Data came in better than expected. The positive manufacturing data from China, showed expansion for the first time in six months in March, and supported the demand outlook for oil. The Caixan index came in at 51.1. The economic challenges in the Chinese property sector, do not seem to be impacting the demand for crude oil.Crude oil rose for the third consecutive month in March with a gain of 6.27%.
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