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European shares drop on global worries; Italy, Spain underperform
Author: TyronePetterd41
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European shares drop on global worries; Italy, Spain underperform
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Crude Price Declined as Inventory Surprisingly Increased, Exacerbating Oversupply Concerns
Crude oil declined as US inventory surprisingly increased. This upstaged the unexpected drop in gasoline stockpile on higher demand. The front-month contract for WTI fell -2.32% while the Brent crude contract dropped -1.6%. Gold extended the recent decline, falling to a fresh 5-year low as long-term bulls continued to liquidate their positions and as US dollar strengthened.
Originally posted here:
Crude Price Declined as Inventory Surprisingly Increased, Exacerbating Oversupply Concerns