Commodity Blog |
| Economic Growth Around the World Spurs Prices for Crude Posted: 05 Feb 2013 11:59 AM PST Crude oil rose today as signs of global economic growth spurred hopes that demand for fuel will increase. The US services Purchasing Managers’ Index was at 55.2 percent in January, near the December’s 10-month high. Other countries also showed signs of growth. The eurozone services PMI unexpectedly advanced from 48.3 to 48.6 in January. The China services PMI rose from 51.7 to 54.0 last month. Futures for delivery of WTI [...] |
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