Germany Markit Manufacturing PMI came in at 56.5, above forecasts (55.4) in January

Jan 24, 2017

Germany Markit Services PMI came in at 53.2, below expectations (54.5) in January

WTI jumps beyond $ 53 ahead of API inventory report

Oil futures on NYMEX rebounded on Tuesday, as the sentiment was boosted by a weaker US dollar overnight as well as on output cuts announced by the OPE