All posts are my personal opinion
-
Oil, stocks sink on weak data; Europe shines
Oil futures prices sank to a six-month low on Monday, weighed by oversupply and weaker demand expectations, while equity markets in Asia and on Wall Street fell as factory data from China and the United States disappointed. Brent slumped to its lowest since late January on worries about oversupply as OPEC pumped at record levels in July, adding to demand concern after weak data from China, the world's second largest energy consumer. U.S. crude hit its lowest since March. The resource-linked Canadian dollar was at its weakest in more than a decade against its U.S. peer as crude prices sank. The pace of growth in the ... (full story)