Chinese Manufacturers Put Crude Demand In Doubt
Thursday, June 21, 2012 Crude Oil futures have been hurt by a supply glut and soft economic conditions. The continued weakness in the Chinese manufacturing sector has no end in sight and could result in much lower petroleum consumption than previously thought. Technically, the Crude Oil chart looks as though it could be close to [...]
Thursday, June 21, 2012
Crude Oil futures have been hurt by a supply glut and soft economic conditions. The continued weakness in the Chinese manufacturing sector has no end in sight and could result in much lower petroleum consumption than previously thought. Technically, the Crude Oil chart looks as though it could be close to confirming a bearish continuation.
Fundamentals
Crude Oil futures briefly traded below the $80 level in overnight trading, as the market faces growing supplies and slow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards