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Commodities Briefing - Categorized | Oil, Price Watch more

Oil remains below $100 on weak demand outlook

Posted on 17 April 2013

Brent crude sank below $100 a barrel for the first time in nine months on Tuesday, extending a recent rout triggered by data from China and the US that weakened the outlook for demand.
Earlier in the session, the dismal outlook pushed gold to a more than two-year low and shaved more than $2 off oil prices. As the day progressed, gold and precious metals bounced back but oil was unable to move into positive territory…………………………………….Full Article: Source


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