China will lift gasoline and diesel prices by around 7 percent from 1600 GMT on Monday to reflect the rising cost of crude oil, taking pump prices to their highest ever, a government official told Reuters on Monday.
Oil fell more than 2 percent to below $78 a barrel Wednesday after a U.S. inventory report showed a surprise build in gasoline stocks, increasing doubts over demand from the world's largest fuel consumer.
In part 4 of this web only series, Tim Seymour reveals his favorite ways to trade the consumer in emerging markets, home to the world’s fastest growing middle class!... Read More