Following statistics that revealed a slowdown in the consumption of crude oil in China, economic worries about an increase in oil supplies led to a decline in oil prices today, Monday.
According to Bloomberg data, American crude futures, “West Texas Intermediate,” dropped by 1. 28% to $83. 96 a barrel by 10:57 Moscow time, while global crude futures, “Brent,” dropped by 1. 10% to $92. 47 a barrel.
Official data revealed today that China’s imports of crude oil amounted to 9.
79 million barrels per day in September of last year, which is up from August but down 2% from the same time last year.
Source: Bloomberg and RT.
Lower oil prices following Chinese data
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