| Oil and gold fell this week, with demand for the commodities pressured by strains in the global economy. OIL: Prices slid on a slew of downbeat economic data from around the world, analysts said. The sharp falls in oil prices on Thursday coincided with the release of data showing growth in the eurozone stalled in the second quarter. Germany, the bloc’s No. 1 economy, shrank by 0.2 percent and France, the second-largest, had zero growth for six straight months.
Prices also came under pressure from a string of disappointing Chinese data on Wednesday and signs of weak demand, especially in the US, which said crude stockpiles rose for the first time in seven weeks...............................................Full Article: Source
|