Oil on the Nymex continues to dip

19-Apr-13
Benchmark oil for May delivery dipped to US$88.6 per barrel in Asia on the Nymex. On the first day of the week, crude dropped by almost 3% as gold and industrial metals plunged after China reported unexpectedly slow economic growth in the first three months of 2013. The world's second-largest economy grew by 7.7% in 2012, slower than many forecasts. Also, the International Monetary Fund has lowered its outlook for world economic growth this year to 3.3%, down from its forecast in January of 3.5% - in 2013, U.S. economic growth is expected at 1.9% and the combined economy of the 17 euro countries will shrink 0.3%. Brent crude rose to US$100.1 a barrel on the ICE Futures exchange in London.
  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