Volatile Trading in Crude as Eco Data Disappointed

Crude oil slumped in tandem with Wall Street in early NY session as disappointing PPI and manufacturing data upstaged JP Morgan's strong earnings results. Price recouped most losses later in the day as driven by turnaround in BP's and Goldman Sachs' shares. Yesterday, WTI crude oil price plunged to as low as 75.33 before settling at 76.62, down -0.55%.

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Volatile Trading in Crude as Eco Data Disappointed