Oil Prices Fall on China Data, Trade War Jitters
Tuesday, 15 October 2019 18:52 WIB |
ENERGY |Crude OilOil,brent oilMinyak WTI
Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal despite signs of a truce last week.
Brent crude fell $0.44, or nearly 1%, to $58.94 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 55 cents, or 1%, to $53.05.
The National Bureau of Statistics (NBS) reported on Tuesday that China™s factory gate prices declined at the fastest pace in more than three years in September.
The U.S.-China trade dispute also continued to cast a shadow on the global economy.
Source : Reuters
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