• Oil prices fall amid concerns over China's economy

    14/12/2018

    SINGAPORE (Reuters)

    Oil prices fell on Friday amid concerns about slowing growth in China's economy, as investors headed for a profit of more than 2 percent in the previous session.

    Brent crude futures were $ 61.08 a barrel by 0530 GMT, down 37 cents, or 0.6 percent, from the previous settlement.

    US West Texas Intermediate crude futures were $ 52.42 a barrel, down 16 cents, or 0.3 percent, from the previous settlement.

    On Friday, China announced some of the slowest growth in retail and industrial production in years, which is highlighting the risks of a trade dispute with the United States.​

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