23rd November 2011
Investors may be interested to learn crude oil futures fell sharply this morning (November 23rd) on Asian markets following weakening manufacturing activity in China.
January Brent Crude delivery on London's ICE Futures exchange fell to $107.94 per barrel this morning - a drop of $1.09 - while sweet crude futures were down by $1.52 at $96.49 as of 07:25 GMT.
The news follows more unrest in European markets, further denting confidence for investors.
"Europe is still the biggest concern and it will remain that way for some time to come because there are so many things to fix there," an S-Oil Corporation sales trader in Hong Kong told the Wall Street Journal.
Elsewhere, Reuters recently revealed there will likely be a shift towards shorter contracts for commodity trading in the future, as investors look to minimise long-term risk in their portfolios - especially given the ongoing uncertainty in markets as a result of the eurozone crisis.
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