China is obviously slowing and Cyprus needs more cash no wonder oil and gasoline crashed. China's GDP came in at 7.7% below the 8.0% that was expected. This caused a commodity route and markets that were already wobbly tanked after the report. Oil and gasoline fell hard on demand expectations that got lowered overnight.
Factory output was dismal and fears that there could be something much more ominous hiding behind this data. Already China is on watch by some to see if their economy can handle a possible drop in employment and this could be a sigh that China's economy may have bigger problems.
Natural gas continued its big rally as winter refuses to go! We have been telling you about the gas play for some time now.