Lackluster Stock Performance and China's Policy Changes Pressure Commodities

Retreats of commodity prices accelerate in European session as USD gains ground against major currencies. The front-month contract for crude oil slides to -1.4% 80.75. Speculations on appreciation in RMB depressed stock markets and hence affected oil prices. The American Petroleum Institute is due to report its inventory estimates. Investors take profits of recent gains ahead of the report.

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Lackluster Stock Performance and China's Policy Changes Pressure Commodities