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Today 10/09/2014, All Economic Indexes on Wall Street Collapsed
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Oil slumps to lowest close since December 2012
US Oil Inventory 5 millions Barrels
Saudi Arabia Increase Production
Germany Economicgrowth down
10/09/2014
Stocks plunge: Dow drops 334 points [2%]
Today The Dow plunged 335 points, or 1.9 %, for its largest point decline since July 31.
10/09/2014
Some Factors
● Low Global economic growth 3.3% [IMF]
● Low Germany export & manufacture orders
● Possible EBOLA Pandemic
● Oil price down to 2012 price level
● Strengthening of US Dollar as International currency
● Stocks from Energy Sector Sinks● Global Geopolitical tension, Ukraine, Syria, Iraq, Israel….
Oil Prices Sink as World Supplies Rise and Weak Global Demand
IMF says Global economic growth expects to be 3.3% in 2014, down from its April forecasts as countries fail to recover strongly from recession.
Larger than expected build of 5 million barrels in weekly U.S. stockpiles in the week ended Oct. 3, according to the U.S. Energy Information Administration.
10/09/2014
OIL
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10/09/2014
