Reports indicate slowdown in Chinese manufacturing : oil prices slide near US$105

24-Mar-12
Benchmark U.S. crude fell by almost two dollar to US$105.3 per barrel, falling to its lowest level in a week, after reports indicate a slowdown in Chinese manufacturing. Industrial activity in China dropped to a four-month low in March, indicating a possible slow demand for crude. Brent crude fell by over a dollar to US$123.1 per barrel. Another cause of concern in the markets is lower U.S. oil and gasoline demand amid assurances by Saudi Arabia that it can quickly boost output by 25% in case of a sudden disruption in global supplies.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha