Oil drops on weak China data and increased U.S. production
July 25, 2013 7:29 am
WTI extended yesterdays losses as U.S. crude output reached its highest pace since 1990, while the end of the driving season draws closer. Meanwhile, negative China manufacturing data from Wednesday continued to spur concern over demand in the worlds second biggest consumer. On the New York Mercantile Exchange, WTI crude for September delivery traded at […] Read more