Weekly Fundamentals - Fatigue of Chinese Economy Reflected in Lower Oil Demand

The decline of crude oil prices has shown no signs of stabilization. Instead, the selloff gathered momentum last week as both benchmarks settled below US$30/bbl for the first time in 12 years. The front-month WTI contract plummeted -11.3% while the Brent contract down -13.7% last week. Healing oil and gasoline contracts also fell -11.2% and -9.4% respectively.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weekly-fundamentals-fatigue-of-chinese-economy-reflected-in-lower-oil-demand-2016011732143/