Oil rout driven by China, inventories and funds

07 May 2017, New York — The plunge in crude oil markets this week to a six-month low was likely driven by worries about Chinese economic growth, persistently high inventories, and fund positioning. U.S. crude oil CLc1 slumped by 5.0 percent to a low of $45.29 a barrel on Thursday, the lowest since November, when […] More »