| 02.05.2013 - Demand jitters take oil price back below $100 |
| Oil prices have lost the key $100 a barrel level for the second time in a month as poor economic data from China and the US added to jitters about demand. ICE June Brent crude oil fell as much as 3.4 per cent to a session low of $98.87, highlighting lingering nerves in a market that fell 7 per cent last month. The sell-off in oil also bled into other commodity markets, with sharp drops seen in copper and gold too...............................................Full Article: Source |