Oil Prices Extend Losses As Weak China Data Compounds U.S.-China Trade Deal Doubts

www.oann.com | 9/17/2019 | Staff
cobra662 (Posted by) Level 3
SINGAPORE (Reuters) – Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U.S.-China trade deal announced by President Trump late last week.

Brent crude futures fell 30 cents, or 0.5%, to $59.067 barrel by 0142 GMT, while U.S. West Texas Intermediate (WTI) crude futures was at $53.38 a barrel, down 21 cents or 0.4%.

China - Exports - Imports - September - Tariffs

“China’s exports and imports shrunk more than expected in September, as ongoing tariffs and a slowdown in global trade undercut demand,” analysts at ANZ bank wrote in a research note.

Doubts over the agreement between Washington and Beijing, designed to end a brutal trade war between...
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