Crude oil is falling maybe mainly because of Chinese exports is decreasing. The concerns are that China's economy will slow down it's growth. Overseas shipments fell 18% in Feb from a year earlier - this is the biggest fall since Aug 2009. Analysts expected 7.5% growth. China is the second biggest economy in the world & the second biggest consumer of crude oil.
I want to remind that I'm bear crude oil calendar Jun-Jul spread from 0.99 with a target at 0.30 or close a position with any result at the end of this month.
