Yesterday's sharp sell off in crude was undoubtedly driven by a broad base weakening in global equities particularly Shanghai index as doubts emerge about China's economic growth, a supportive factor in the recent crude rallies. Chinese market received particular attention given the likelihood that any recovery in the oil demand will probably rely heavily upon China. The plunge in crude prices was arguably accentuated by thin trading conditions due to a UK holiday and ahead of the upcoming Labour Day weekend in US.
|ICE BRENT CRUDE - OCT 09|
|ICE WII - OCT 09|
|GASOIL - OCT 09|
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