Volatile Trading in Crude Oil as Eco Data Disappointed

- July 16th, 2010

Ibtimes.com reported that Volatile Trading in Crude Oil as Eco Data Disappointed:

Ibtimes.com reported that Volatile Trading in Crude Oil as Eco Data Disappointed:

US producer price index missed market expectations and contracted -0.5% m/m in July. Meanwhile, both the Empire State manufacturing index and Philly Index fell sharply. The Empire State manufacturing index plunged to 5.08 in July from 19.57 a month ago. The market had anticipated a milder drop to 18.25. For Philly Fed, the index slid -2.9 points to 5.1 in July while consensus forecast a rise to 10

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