DAXEUR

Crude oil prices are searching for direction amid global economic growth expectations and signals from China. The gross domestic product (GDP) data from China at the beginning of the week, which did not meet expectations, keeps concerns about demand from the world's largest oil importer alive. Tomorrow's Manufacturing and Services PMI data from the U.S. will provide important signals regarding the course of economic activity and could influence oil demand expectations. Therefore, the markets are currently adopting a cautious stance.