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China economic woes threaten WTI

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Global Markets WTI Oil plummeted over 6% during trading on Monday with prices edging closer to $31 as tepid manufacturing data from China, the world’s largest energy consumer, renewed fears that demand may be dwindling. These anxieties added to the rapidly fading expectations around OPEC cooperating with Russia to curb production, while ongoing concerns over the excessive oversupply of oil in the markets continued to haunt investor attraction. Although there was some initial optimism directed

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