Oil Resumed Selloff. Commodity Currencies Also Suffered

Crude oil prices resumed selloff as official data suggested China's fuel demand shrank last year. Meanwhile, Saudi Arabia pledged to maintain energy investment and called for non-OPEC countries to reduce output. The front-month WTI contract plunged -5.75% while the Brent contract was down -5.22%. Both contracts have declined around -18% since the beginning of the year.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/oil-resumed-selloff-commodity-currencies-also-suffered-2016012632208/