时事资讯:美国股市及原油价格跟随中国股市走低_时事

时事资讯:美国股市及原油价格跟随中国股市走低

The latest round of China jitters comes at a time when many traders think that speculation had pushed oil's price ahead of what might be justified by supply and demand. Hopes in China's ability to provide new demand for oil to run factories, an expanding fleet of personal cars, and other machinery are fading.

'The energy markets have probably become the leading market for pricing in [an economic] recovery in China,' said energy analyst John Kilduff, of MF Global. 'Now it looks like we're likely to consolidate for awhile.'

Crude-oil futures slid $2.78 to settle at $69.96 a barrel at the New York Mercantile Exchange. Crude still gained 0.7% in August.

Monday's sock pullback struck at a time when many investors in the U.S. were already primed to sell following a blistering summer run, with many traders now looking for a traditional 10% correction to shake the speculative excesses out of the market.

In particular, September has historically been a difficult month for the market, with the Dow averaging a 1.1% decline for the month dating back to 1900. That's the only month for which it has a negative performance over that timeframe, according to Ned Davis Research.

More broadly, the fall is known as a fraught time for traders because the U.S. crashes of 1929 and 1987 both happened in October. Last year's historic meltdown began in mid-September and led to an initial round of bear-market lows in October before a brief rally that eventually gave way to an even deeper pullback.