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The South African government announced that retail petrol prices will be reduced by 65 cents per liter in February.S&P: Indias general government fiscal deficit is likely to gradually decrease from 7.3% of GDP to 6.6% of GDP by fiscal year 2026.German Retail Federation (HDE): The German retail industry is projected to achieve 2% revenue growth by 2026.February 2nd - A closely watched indicator of the health of the UK manufacturing sector rose to its highest level since August 2024 in January, as new orders saw their largest increase in nearly four years, further confirming signs of recovery in the sector. The final manufacturing PMI rose to 51.8 in January, up from 50.6 in December and slightly above the preliminary reading of 51.6. The new orders sub-index jumped to 53.2 from 50.2, its highest level since February 2022, mainly driven by the first increase in export orders in four years. Rob Dobson, head of global market intelligence at S&P, said: "The UK manufacturing sector has had a solid start to 2026, demonstrating encouraging resilience. Business confidence has also rebounded positively, reaching its highest level since before the autumn 2024 budget." The data also showed that manufacturing employment continued to decline, but at the smallest rate since Reeves raised the employment tax in October 2024, while business input costs rose by the largest amount since August 2025.The UKs final manufacturing PMI for January was 51.8, below the expected 51.6 and the previous reading of 51.6.

Look at $81.62 on NYMEX crude oil

Oct 26, 2021 11:01

On Monday (October 11), international oil prices rose, continuing the previous seven-week streak. Due to supply restrictions by major producing countries, and as economies try to recover from the new crown epidemic, demand for fuel continues to grow. NYMEX crude oil looks at US$81.62 in the market outlook

GMT+8 13:36, NYMEX crude oil futures rose 1.95% to 80.90 US dollars / barrel; ICE Brent crude oil futures rose 1.54% to 83.66 US dollars / barrel. The two cities respectively refreshed their highs since October 31, 2014 to US$81.02/barrel and their highs since October 10, 2018 to US$83.80/barrel.


As more people who have been vaccinated get rid of the lockdown, economic recovery is gaining momentum, and coal and natural gas prices have soared, making oil more attractive as a fuel for power generation, driving the oil market higher. The two major crude oil markets have been rising for seven consecutive weeks.

But as US inventories have increased again after the recent decline, oil prices may begin to falter. Caroline Bain, chief commodity analyst at Capital Investment Macros, said in a report: "We believe that crude oil prices will not rise sharply this quarter, and we still expect a gradual decline next year."

On the daily chart, U.S. oil is in an upward ((3)) wave that started from $61.74 and broke through the 23.6% target of $78.37. The upper resistance looks at the $80 mark and the ((3)) wave 38.2% target of 88.66. Dollar.

On the hourly chart, oil prices are in five upward waves starting from 74.97 US dollars, and the upper resistance looks to the 138.2% target of 81.62 US dollars. Wave 5 is a sub-wave of the upward (1) wave that started at $61.74. (1) Waves are the sub-waves of ((3)) waves.

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