Crude oil price steadied in European session after the sharp selloff yesterday, led by the rally in stock markets despite mixed economic outlook. On Monday, the front-month contract for WTI crude plummeted to a 4-day low of 99.28 before ending the day at 99.74, down -1.81%. The Brent crude contract tumbled to 105.10, the lowest level since last November before settling at 105.62, down -1.99%.
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Crude Oil Steadied after Selloff, Chinese Outlook Remains Worrisome
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