Crude oil declined amid China's growth fears

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Source: Forexpros
Crude oil futures declined at Asian session after China announced it reduced the RRR for its banks. The move indicates that China's economy slows down and needs additional stimulus. Light, sweet crude oil futures for June delivery traded at 95.73 US Dollars per barrel on the New York Mercantile Exchange, declining by 0.42% from the last session's high of 95.71 US Dollars per barrel.


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