Tag: Oil prices

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Crude Oil Falls as China Quells Additional Stimulus Speculation

Today at the NPC session, Premier Wen Jiabao put to rest rumors that China was going to launch another economic stimulus plan. From Bloomberg: Oil dropped 3.9 percent after Chinese Premier Wen Jiabao said today that the country’s 8 percent growth target for this year is within reach, indicating he doesn’t see the need to increase spending. Commodities surged yesterday on signs that Wen would annou