Friday, 26 October 2012

U.S. GDP anticipation and global growth concerns send crude oil lower


MTECHTIPS

U.S. GDP anticipation and global growth concerns send crude oil lower

Crude oil futures traded lower in European trade Friday as investors bearishly anticipate the U.S. GDP numbers  and growing supply pressures the commodity
On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD85.56 a barrel during European trade, giving back 0.59%.

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