Crude oil declines on the challenges of the US economy

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Source: Forexpros
Crude oil futures faced strong downward pressure after Federal Reserve official reported that the US economic recovery still faces challenges. However, escalated geopolitical tensions limited the losses. Light, sweet crude oil futures for May delivery traded at 108.21 US Dollars per barrel on the New York Mercantile Exchange, tumbling by 0.23%.


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Tue, 20 Mar 2012 10:05:42 GMT

New industrial orders in Italy fell by 7.4% in January

New industrial orders in Italy declined essentially in January after preceding month's gains, reported STAT. The new industrial orders in Italy decreased by 7.4% on a seasonally adjusted basis while analysts expected only a 3.8% fall. Considering yearly changes, the orders declined by 5.6% in January, confronting the projections of a 2.9% decrease.

Tue, 20 Mar 2012 09:07:20 GMT

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