Oil reaches USD 112 per barrel

Note: This section contains information in English only.
Source: Reuters
© Scanpix/AFP
After China's, which is the worlds second largest economy and oil consumer, report on industrial growth oil price fell to USD 112 a barrel. China's industrial output in April grew the lowest in almost three years. Such news raised a lot of concerns about China's industrial prospects in the nearest future and Brent June oil future contract dropped to USD 112.23 a barrel in New York today. Light sweet crude oil June future contract dropped to USD 96.31 a barrel after its one week long decline.
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