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Oil Prices Fall in Early Trading as China’s Economic Data Disappoints

I wrote – Marwa Al-Ghoul Tuesday, August 15, 2023 09:00 PM I retracted prices oil In early trading today, ahead of a string of economic data from China that would provide clues to expectations of any recovery in demand from the world’s largest oil importer.

US West Texas Intermediate crude fell 11 cents, or 0.13%, to $82.40 per barrel Brent crude futures lost eight cents to $86.13 a barrel, according to Oman News Agency.

It is expected that China will announce the figures of industrial production, investment, retail sales and unemployment for the month of July today, Tuesday, after other indicators showed that the second largest economy in the world headed for financial contraction and its trade declined.

2023-08-15 18:00:00
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