Hedge Fund News From HedgeCo.Net

WTI Oil Falls as China Export Drop Signals Slower Growth

Bloomberg – West Texas Intermediate and Brent crudes fell for the first time in three days after exports from China unexpectedly shrank, stoking speculation the world’s second-largest oil consumer may miss economic growth targets.

Futures lost as much as 1.5 percent in New York. China’s overseas shipments declined by 18.1 percent in February from a year earlier, the biggest drop since August 2009, the General Administration of Customs reported on March 8. A median 7.5 percent increase was projected in a Bloomberg News survey of 45 economists. WTI rose 1 percent on March 7, the most in four days, as hedge funds increased bullish bets.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply