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Hart Energy Commodities Report Feb. 3

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Kristie Sotolongo
February 4, 2014

 

U.S. Crude Tumbles as Factory Data Weighs

NYMEX-traded crude oil futures fell more than US$1 per barrel (/bbl) on Monday, pressured by weak U.S. factory data and a sinking stock market. U.S. crude notched its largest daily percentage loss in nearly a month, weighed down by steep losses in the stock market, which plunged after data showed the factory sector in the world’s largest economy expanded in January at its slowest pace in eight months. The Standard & Poor’s 500 sunk to its lowest level since October. West Texas ...


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