Monexnews-crude oil futures weakened on Friday to their lowest level catatkan this year as China's manufacturing data mengecewakannya and the rising unemployment rate in the European Zone which weakens the outlook for energy demand. "The price has fallen in line looks fragile two pillars that play an important role on the oil market, namely China and the United States," said Matthew Parry, an oil analyst at the International Energy Agency.
China's PMI Data down to the lowest level in four months, and according to the verge of the key level of 50, indicating the difference in sentiment between manufacturing expansion and contraction, "he added.For the u.s., some traders will feel suffocated over the news that the IMF would reduce by as much as 0.5% of the estimated growth in 2013 (to be 1.5%) if budget cuts on the run, "said Parry.
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