Oil prices down on weak Chinese economic signals ...Middle East

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ANKARA: Oil prices continued their decline on Wednesday as China posted sluggish economic data for two consecutive days, signalling demand weakness during the country’s peak travel season, reported Anadolu.International benchmark Brent crude traded at US$86.05 per barrel at 10.25 am local time (0725 GMT), a 0.14 per cent loss from the closing price on Tuesday of US$86.17 per barrel.The American benchmark West Texas Intermediate (WTI) traded at the same time at US$82.51 per barrel, down 0.49 per cent from the session close of US$82.92 per barrel on Tuesday.Evidence of slowing economic growth and weak economic indicators from China, the world’s largest oil importer, exacerbated concerns over g

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Last updated : 09 August 2023 clock 11:48 AM

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