China is not poised for growth. USA Entering Recession. The selloff in oil continued on Friday, with WTI prices falling more than 5% as China reportedly asked the Saudis to ship less crude in December.
Oilprice Alert: This week's Global Energy Alert analyses the major drop in crude prices, which are now only up by a few percent year-on-year. Will the selloff continue, or has Brent crude hit a bottom at $85 per barrel? Our head trader has trimmed some of his positions in big oil and is recommending a stock that serves as a hedge against a poor economic outlook... and pays a 4% dividend.