COMMODITIES CRASH: Crude Futures Slip 2%, Near 52-Week Low After China Data

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Crude futures are taking a beating in Monday's pre-market session, with crude for May delivery down 2.47% at $89, nearing its 52-week low of $81. Along with gold and copper futures, commodities are feeling the pressure from the latest round of disappointing data from China. China earlier reported that its quarterly domestic product rose 7.7%, while its industrial production grew 8.9% - both figures missed forecasts.

Among other crude/ energy products: London-traded May Brent crude is also lower, down 1.79% at $101.26 a barrel; May gasoline futures is down 0.46% at $2.79, near its 52-week low of $2.38; and May heating oil is down 0.91%.

July natural gas, however, is up 0.49% at $4.33, inching closer to its 52-week high of $4.37.


Among ETFs , United States Oil Fund ( USO ) is down 2.31%. United States Natural Gas Fund ( UNG ) is up 0.22%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: UNG , USO

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