The Traderszone Network

Published in TZ Latest News 2 September, 2014 by The TZ Newswire Staff

Oil Slides Amid Concerns About Global Economy

Brent crude futures slumped to a 16-month low and West Texas intermediate dropped to the lowest level since January on concern slower manufacturing from Europe to China will curb global oil demand. WTI dropped for the first time in five days as the end of the peak driving season heralded the start of refinery maintenance. Gasoline futures reached the lowest level for a front-month contract since November.

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