Australia Building Permits (MoM) below expectations (-0.6%) in March: Actual (-8.8%)

May 6, 2025

WTI rises above $57.50, continues recovery despite concerns over rising global supply

West Texas Intermediate (WTI) crude Oil price continues to recover during Asian trading on Tuesday, hovering around $57.60 per barrel after a nearly 2% decline on Monday. However, gains were capped by concerns over rising global supply following an OPEC+ decision to accelerate output increases.

Australia Building Permits (MoM) below expectations (-0.6%) in March: Actual (-8.8%)

WTI rises above $57.50, continues recovery despite concerns over rising global supply

Australia Building Permits (YoY) declined to 13.4% in March from previous 25.7%