Failure to sustainably hold above US$50/bbl, both crude benchmarks ended the day lower. The front-month WTI contract initially rose to 50.1 before settling at 49.1, down -0.47% while the Brent contract climbed higher to 50.05 earlier in the day before ending the day at 49.69, down -0.14%. Prices continued to grind lower in Asian Wednesday. Precious metals were mixed.
The post Crude Retreated after Failing to Hold above US$50/bbl; China PMI Suggests Recovery Unsustainable appeared first on crude-oil.top.