Oil snaps five days of losses on China data, QE outlook in focus
August 9, 2013 7:10 am
West Texas Intermediate snapped a five-day losing streak, the longest since December, after China released overall positive economic data, which coupled with yesterdays surprisingly upbeat trade figures helped push oil higher. Gains however remained limited on speculation the Federal Reserve might scale back its bond purchasing program as early as next month, which would hurt […] Read more