(eToro Blog) Oil prices have resumed their upward march, with London-traded Brent steady above $118 and NYMEX-traded WTI at 104.46 as of this writing. Analysts attribute the retracement, in part to a cautiously improved global growth outlook from the IMF. According to the IMF report, its revised outlook is based on a steadily recovering U.S. [...]
Oil 
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China Growth Woes and OPEC Commitment Conspire to Send Oil Lower
(eToro Blog) China’s disappointing growth news dragged down oil prices today, with West Texas Intermediate now trading lower at 103.15. The Chinese National Bureau of Statistics reported earlier today that 1st quarter economic growth fell to 8.1%, lower than predictions of 8.3%, and data shows that that is in fact the weakest pace in almost [...]
DAX, Oil Lower as China Import Data Spotlights Growth Concerns
(eToro Blog) News that adds more confirmation to a growth slowdown in China is once again affecting the European equity markets and putting a damper on oil prices. According to the most recent data, China’s trade balance for March is showing a surplus of 5.347 billion, well off the deficit of 1.300 billion expected by [...]
