Crude oil prices fell back on Friday, as traders were skeptic over the EU debt deal amid the lack of details provided by EU leaders, where traders are waiting for EU leaders to finalize the deal. Moreover, the U.S. income report showed personal income rose below projections in September, which slightly weighed down on confidence levels, and pushed crude oil prices lower.
Traders will be eyeing the Chicago PMI on Monday, which is expected to show activities slowed in October.
Monday October 31:
The United States will join the session with the Chicago purchasing manager at 13.45 GMT, with expectations that the indicator could have retreated to 59.0 in October from 60.4 in September.
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