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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price falls below $100 on muted fuel demand

Posted on 24 April 2013

Brent crude fell below $100 a barrel on Tuesday after manufacturing data from China pointed to a lukewarm recovery in the second quarter, denting the outlook for fuel demand in the world’s second largest oil consumer.
The flash HSBC Purchasing Managers’ Index for April fell to 50.5 in April from 51.6 the month before as new export orders shrank in China, suggesting the country faces considerable headwinds………………………………………..Full Article: Source


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