Crude oil is a type of fuel that we use to make cars, planes and other things go. Sometimes the price of crude oil goes up or down because there might be more or less of it available. In this article, they are saying that crude oil went down 3%, which means it became cheaper. This happened because a group called ISM made a report that said factories were not making as many things as before, and people were not buying as much stuff from them. When factories don't make or sell a lot of things, they need less crude oil to help them work, so the price goes down. Read from source...
- The title is misleading and sensationalized. It suggests that crude oil prices are directly related to the ISM manufacturing PMI, which is not necessarily true. There could be other factors influencing both indicators independently.
- The article does not provide any clear evidence or analysis of why crude oil prices fell 3%. It only mentions a decline in U.S. construction spending and job openings, but these are not direct causes of lower oil demand or supply. Moreover, the article does not explain how the ISM manufacturing PMI index reflects the health of the oil industry.
- The article includes irrelevant information about two penny stocks, CytomX Therapeutics and Cemtrex, that have no apparent connection to the main topic. This could be seen as an attempt to lure readers with eye-catching names or manipulate their investment decisions.
- The article uses vague terms like "Asian markets" and "Pacific markets" without specifying which countries or regions are included in these categories. This creates confusion and makes the data less credible.