Potential Slowdown In China Growth Pressured Commodities

Crude oil price plunged -3.8% to settle at 69.96 Monday amid worries that credit tightening in China would dampen demand outlook. Stock markets also declined with Dow Jones Industrial Average and S&P 500 Index losing -0.5% and -0.8% to 9496 and 1021 respectively. Fuel prices also dropped with RBOB gasoline sliding -3.7% to 1.99 and heating oil dropping -4.4% to 1.78. In Asian session on Tuesday, both crude oil price and stock markets rebound after the Chinese Government reported that the