Oil, gas fall hard on China GDP miss

China Misses Big

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.

About the Author
Phil Flynn

Senior energy analyst at The PRICE Futures Group and a Fox Business Network contributor. He is one of the world's leading market analysts, providing individual investors, professional traders, and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline, and energy markets. His precise and timely forecasts have come to be in great demand by industry and media worldwide and his impressive career goes back almost three decades, gaining attention with his market calls and energetic personality as writer of The Energy Report. You can contact Phil by phone at (888) 264-5665 or by email at pflynn@pricegroup.com. Learn even more on our website at www.pricegroup.com.

 

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