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Crude oil hits 6 months lows

August 3, 2015 12:00 am Published by Comments Off on Crude oil hits 6 months lows

Continued concern over sluggish Chinese growth keeps commodity markets under pressure. Crude oil fell to its lowest in 6 months, knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China, leaving crude prices set for their weakest 3rdquarter performance since 2008. Soybean prices also fell, buffeted by good weather in the US Midwest and concerns over demand for domestic supplies of the crop.