Following the modest pullback seen during last Friday's session, the price of crude oil has shown a lack of direction over the course of the trading day on Monday.
Crude for December delivery moved to the upside early in the session but gave back ground as the day progressed and is currently lingering near the unchanged line, down $0.08 or 0.1 percent at $61.42 a barrel.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.