Saturday, 12 May 2012

Oil Dips as China Data Outweighs Upbeat U.S. Consumers

Oil fell on Friday and posted a second straight weekly loss as pressure from weak industrial growth in China countered news that U.S. consumer confidence hit a four-year high.
Brent crude's 6.2 percent slide in the past two weeks was the biggest two-week percentage loss since December 16. U.S. crude fell 8.4 percent the past two weeks, its largest since September 30.
Related Posts Plugin for WordPress, Blogger...