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Commodities Briefing - Categorized | Oil, Price Watch, Research, Trends more

Oil continues slide ahead of OPEC report

Posted on 09 October 2012

Concerns over reports Monday of a declining Asian economy helped push crude oil prices down for the second straight trading day. The World Bank downgraded its growth expectations for the Asia-Pacific region, where the Chinese economy is showing signs of flattening.
In Europe, meanwhile, trouble continued, though leaders there agreed to set up a $648 billion recovery fund. Though the IMF praised Middle East economies for maintaining a watchful eye on global oil markets, the slide in energy prices continued into the second week of October………………………………………..Full Article: Source


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