Oil prices fell on Tuesday, after heavy losses in the previous session, as two d...
SINGAPORE - Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer’s energy demand growth.
China has been hit by poor economic data for two straight days. The National Bureau of Statistics reported on Tuesday that China’s factory gate prices declined at the fastest pace in more than three years in September. Taken all together that was enough to outweigh any support oil prices might have received from geopolitical tensions in the Middle East.
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