Crude Extends Weakness as Equities Slide. Eurozone Woes Re-emerge
BonTradeCrude oil weakens further in European session as driven by selloff in stock markets. Investors dump risky assets amid renewed concerns that Eurozone's sovereign crisis would damp economic growth. The worries overshadow surprising increase in Germany's confidence index. The market also take profits from yesterday's rally after realizing China's RMB measures may not benefit commodity demand as much as previously anticipated. WTI crude oil price plunges to 76.8 while Brent crude drops to 78.2.
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Crude Extends Weakness as Equities Slide. Eurozone Woes Re-emerge
