Commodities Slumped on Concerns that China would Ease Less Aggressively

Energy and industrial metal prices slumped as China’s exports and imports disappointed in April. More importantly, market participants believed that the government would not add easing measures as aggressive as previously. Both crude benchmarks declined with the front-month WTI contract losing -2.73% and the Brent contract down -3.84%.

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Commodities Slumped on Concerns that China would Ease Less Aggressively