Crude Prices Declined although Inventory Drew More than Expected

Crude oil prices slumped amidst concerns over slowdown in China and other emerging markets. Loss were, however, contained as US inventory fell more than expected while distillate stockpile surprisingly dropped last week. The front-month WTI contract fell -2.95% while the Brent contract dropped -2.71% for the day.

from Oil N' Gold Focus http://ift.tt/1FvsbPb