Referenced Stocks

Energy Currents: Crude Lower But Starting to Firm, Global Growth Still Concerns

By Midnight Trader,  July 12, 2011, 08:48:37 AM EDT

Crude oil continues to retreat, with the front-month contract in New York declining about 0.5% to around $94.50 a barrel as worries over weak economic growth weigh on traders.

New trade numbers overnight was contributing to the bearish bias, with China reporting earlier today that crude oil imports fell almost 6% in June, suggesting that the monetary tightening in China may be starting to finally have an impact on consumption. The U.S. dollar also strengthened, making commodities like crude more expensive for international investors.

At 8:45 a.m.

AUG WTI Crude ( NY ) $94.48 -0.47

AUG Brent Crude (ICE) $116.15 -1.09

AUG Natural Gas ( NY ) $4.326 +0.038




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.


This article appears in: Investing, Commodities

Referenced Stocks: NY



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