Crude Set to Hit Six-Months Lows Amid Supply/Demand Imbalance (OIL) (USO)
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Oil hits four-month low on China rout, supply glut
July 27, 2015 6:51 AM EDTBy Karolin Schaps
LONDON (Reuters) - Oil hit four-month lows on Monday after a steep drop in Chinese stock markets and on more evidence of a global supply glut that has halved prices over the past year.
Chinese stocks tumbled more than 8 percent on Monday, the biggest one-day drop in eight years, showing an unprecedented government rescue effort to prop up valuations has run out of steam.
"Today's oil price fall has been driven by the slump in Chinese stock markets," said Carsten Fritsch, senior oil market analyst at Commerzbank in... More
UPDATE: Baker Hughes Total U.S. Rig Count Increases 19 to 876
July 24, 2015 1:01 PM EDT(Updated - July 24, 2015 1:05 PM EDT)
Baker Hughes total U.S. rig count increased 19 to 876. US oil rig count increased 21 to 659.
... More
Metals sink on China, Europe growth concerns as U.S. dollar firms
July 24, 2015 7:47 AM EDTBy Marius Zaharia
LONDON (Reuters) - Metal prices hit multi-year lows on Friday as weaker-than-expected data from China and the euro zone raised concerns about global growth, but the U.S. dollar rose on the prospects of a Federal Reserve interest rate hike.
Copper fell to its lowest level since 2009 after a survey showed Chinese manufacturing contracted by the most in 15 months in July as orders shrank. Worries grew over demand in the world's biggest metals consumer with stockpiles mounting up.
The flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) contracted for the fifth straight month,... More
