Oil slides for 4th day
China Daily | Updated: 2010-11-18 07:49
SINGAPORE - Oil fell for a fourth day, as speculation that fuel demand will fall as China attempts to cool its economy outweighed signs that US consumption is rising.
Futures extended Tuesday's 3 percent slide after Chinese Premier Wen Jiabao said the government was drafting measures to counter inflation.
Prices also fell on concern Europe's debt crisis is worsening.
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