- Oil prices are on the decline as renewed concerns over global demand brought an end to a rally that pushed up prices by about 19% over the past four sessions.
- Growth concerns in China have especially prompted renewed concern for demand, after the HSBC China services PMI reported a six-month low of 51.8 in January, compared with 53.4 in December.
- Crude futures -2.1% to $51.95.
- ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, UWTI, USL, DWTI, DNO, SZO, OLO, TWTI, OLEM
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http://seekingalpha.com/news/2270186-has-oil-really-found-a-bottom?ifp=0