The Traderszone Network

Published in TZ Latest News 8 December, 2015 by The TZ Newswire Staff

Oil ETFs Dig A Hole But Could Syria Change That?

Energy ETFs sold off for the fifth straight day as oil prices fell again Tuesday before trimming losses. Overnight trade data from China reportedly showed weakness in both exports and imports, adding to fears about slow growth in the world’s second largest economy. By late morning, the prices of Brent and U.S. crude had fallen more than 2%, according to CNBC. That took them briefly fell below $40 and $37 a barrel, respectively.

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