WTI oil prices got caught in the selling vortex that gripped the equity markets, yesterday. Softening economic data also helped pressure prices lower, including a diminished manufacturing reading out of China. One data point does not a slowdown make, but the tug of emerging markets tumult magnified the disappointing ISM manufacturing reading. WTI fell more than Brent, as it appeared to try and catch-up, in terms of pricing in the growing concerns. The market seems to be holding its breath, as the impact of the Keystone pipeline initiation is realized.
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