Oil dips after Chinese data shines a light on trade war effect
Sudden chill came after customs data showed exports from the world’s second-biggest economy fell 1.1% in November from a year earlier
09 December 2019 - 08:29
Tokyo — Oil prices fell on Monday after data showing China’s overall exports of goods and services shrank for a fourth consecutive month, sending shivers through a market already concerned about damage being down to global demand by the Sino-US trade war.
Brent futures were down 21c, or 0.3%, at $64.18 per barrel by 4.20 SA time, after gaining about 3% last week on the news that Opec and its allies would deepen output cuts...
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