Oil Price Dips on Weak Chinese Data
Oil prices fell Monday on the back of weak Chinese trade data, which provided a fresh signal the world’s second-largest economy is slowing. — Brent crude, the global oil benchmark, was trading down 1.9% at $59.32 a barrel on London’s Intercontinental Exchange. — West Texas Intermediate futures, the U.S. oil standard were down 2.2% at $50.79 a barrel on the New York Mercantile Exchange. HIGHIGHTS China: An unexpected decline in Chinese imports and exports in December weighed on equities and commodities Monday, as investors feared a further slowdown in the ...
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