Sun, Feb 14, 2016
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Price Watch more

Oil price rises on Chinese manufacturing survey

Posted on 25 October 2012

The price of oil rose on Wednesday after a survey of Chinese manufacturing suggested that a slowdown in the world’s second-largest economy might be stabilizing. Benchmark oil for December delivery was up 79 cents to $87.46 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped $1.98 to finish at a three-month low of $86.67 on Tuesday.
The fall on Tuesday was sparked by a slew of disappointing earnings and forecasts released Tuesday by US corporate giants. Revenue fell compared with a year ago at chemical maker DuPont, UPS and Xerox and others………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 44457 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
February 2016
S M T W T F S
« Jan    
 123456
78910111213
14151617181920
21222324252627
2829