WTIUSD

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WTIUSD

Crude oil prices continue to be under pressure due to concerns about a global economic slowdown and its potential negative effects on demand. Yesterday's weak U.S. manufacturing data has deepened these concerns. While markets await the weekly U.S. Crude Oil Inventories data to be released on Wednesday, today's JOLTS data will also be closely monitored in terms of the overall health of the U.S. economy and, consequently, the outlook for oil demand. Weak employment data could reinforce the perception of an economic slowdown, maintaining pressure on oil prices.