Friday, 18 October 2019 13:25 WIB |
ENERGY |Minyak BrentMinyak MentahMinyak WTI
Oil prices fell on Friday after China, the world™s largest oil importer, recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States.
Global benchmark Brent crude oil futures fell by 34 cents, 0.6%, to $59.57 a barrel by 0350 GMT.
U.S. West Texas Intermediate (WTI) crude futures were down by 12 cents, or 0.2%, to $53.81 per barrel.
In the third quarter, China's economic growth slowed to 6% year-on-year, its weakest pace in 27-1/2 years and below expectations, dogged by soft factory production amid ongoing trade tensions with United States and sluggish domestic demand.
Crude demand growth tends to closely follow economic growth.
Source : Reuters