New York: Crude oil fell for a seventh day to trade near a one-month low in New York as Asian and European equity markets declined, fanning concern that the economic recovery may falter and impede fuel demand. Oil reversed earlier gains as the MSCI World Index declined 0.6 per cent and the Europe Stoxx 600 Index dropped 1.4 per cent. China's economic situation faces growing uncertainties and is becoming more complex, the head of the National Bureau of Statistics was quoted yesterday...
Full Story: Gulf News
