A Rare Bullish Bounce In Oil Markets

While oil market sentiment has been and remains decidedly bearish, Friday has seen a rare bullish bounce after the rig count fell once again and China released some positive manufacturing data. Both WTI and Brent were up by more than 3.5 percent on the day. Friday, November 1st, 2019Oil received a jolt on Friday morning on unexpectedly positive manufacturing data from China and a continued rig count collapse, although it doesn’t put to rest concerns about an economic slowdown. Economic uncertainty continues to dominate the oil market narrative,…