Crude oil retreated after raising yesterday as investors take profits and China’s economic growth slowed in the third quarter. The front-month WTI slipped to as low as 81.85 in European session despite USD’s renewed weakness against major currencies. Investors worried that slowdown in economic growth would dampen oil consumption from the world’s 2 biggest oil user. Gold edged higher as the dollar plunged. The euro rose as PMI data beat market expectations, signally the region’s recovery remained intact.
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Crude Fluctuates around 82 as China Growth Slows
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