Surprise rate cuts in China this week raised concerns about the strength of China's economy.
Surprise rate cuts by China this week raised worries that Beijing is struggling to breathe life into the world's second largest economy.U.S. crude on Friday was on pace for a third weekly decline as worries about demand in China outweigh strong economic growth U.S.The U.S. economy grew at a 2.8% pace in the second quarter, much stronger than expected. But oil imports to China were down 10.
"The semi-panicky moves are increasing concerns that Chinese energy demand may be further into the future than expected," Bob Yawger, executive director of energy futures at Mizuho Securities, told clients in a note Thursday.Solar stocks tumble as clean energy investors fear a Trump win — these companies are most exposed
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