Oil Declines on Ample US Supply, Slow China Economy

- March 4th, 2013

Reuters reported that crude oil for April delivery hit $90 a barrel , declining for a third consecutive session on indicators the oil markets in the US are amply supplied and on slowing economic growth in China.

Reuters reported that crude oil for April delivery hit $90 a barrel , declining for a third consecutive session on indicators the oil markets in the US are amply supplied and on slowing economic growth in China.

As quoted in the market news:

Over the weekend, China reported that its services sector expanded at the slowest pace in five months in February, and factory growth also cooled to multi-month lows.

Click here to read the full Reuters report.

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