Data Sends Crude Oil Lower –

European and Chinese manufacturing numbers came in weak and that helped to send crude oil lower.  Crude oil settled at slightly higher than $100 dollars a barrel on Thursday.  This is the first time since February 2009 that Chinese manufacturing has contracted.

To read a related Bloomberg article, please click here:

Jim Sutliff

This entry was posted in Banking, Bonds, Currency, Earnings, Economic News, Euro, Gasoline, General, Investments, Oil, Options & Futures, Trading. Bookmark the permalink.