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hemanthaa@mail.com

Oil price: is this the real reason behind the falling crude prices?

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Chinese manufacturing PMI index November

It goes without saying that when the main importer of crude oil sneezes the corresponding markets catch the cold. In this context, the fall of price of crude oil, in part, can be attributed to the slowing Chinese economy due to a combination of factors; in November alone, its Manufacturing PMI Index fell by 1.2%, which is pretty significant. In addition, every major economic index of China has been in decline since June, according to the data released by the government. 

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