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Growth Concerns Weigh on Oil and Oil-Backed Loonie

posted by Avatar eToro 337 days ago in CAD, Fundamental, Daily

China’s disappointing PMI data from June, which showed another contraction in the key manufacturing sector there, helped to send oil prices sliding. London-traded Brent crude fell to below $90 a barrel, while U.S.-traded WTI crude oil slipped to around $78 a barrel. The news from the U.S. wasn’t any better; the recently published Philadelphia Fed M
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