Crudeoil Wiped Out Some Of The Gains Amid Worries Lower Growth Targets In China - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 7 March 2017

Crudeoil Wiped Out Some Of The Gains Amid Worries Lower Growth Targets In China

Crude oil trading range for the day is 3507-3595. Crudeoil wiped out some of the gains amid worries lower growth targets in China and ongoing concern over Russia’s compliance on oil output. 

Risk appetite also took a hit on rising geo-political tensions in East Asia, as North Korea fired four ballistic missiles. 

China lowered its growth target for the year to 6.5 percent, compared with 6.7 percent last year. 

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