On Thursday, Brent crude dropped below $124 a barrel after weak Chinese manufacturing data sparked concerns that the growth of energy demand may slow at the second largest oil consumer of the world.
In March, the factory activity of China shrank for a fifth successive month, with the overall rate of contraction accelerating and new orders sinking to a four-month low, the HSBC flash purchasing managers index (PMI) showed on Thursday.
Saturday, March 31, 2012
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