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Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave...

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Astrological Analysis and meaning of VBTWGV

VBTWGV has a life path of 6. VBTWGV means:

Oil Prices Tumble as Chinese Economy Stumbles

Oil plummeted below $30 a barrel on Tuesday for the first time since December 2003. The latest wave of selling leaves crude oil down 19% this year alone. It represents an incredible 72% plunge from crude oil's June 2014 peak of almost $108. The fall extends a relentless selloff that has wiped almost 20 percent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint. "The fundamental situation for oil markets is much worse than previously thought," Barclays commodities analysts wrote in a client note.Crude oil declined 3% on the day to settle at $30.44 a barrel, marking its seventh day in a row of losses. The day's near 4 percent drop marks a seventh day of losses for oil. Traders have all but given up attempting to predict where the new-year rout will end, with momentum-driven dealing and overwhelmingly bearish sentiment engulfing the market. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not...

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Meaning of VBTWGV by its letters

VBTWGV acronym or abbreviation means:

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