WTI declines amid 18.1% drop in Chinese shipments

Source: Bloomberg
© Scanpix/RS
West Texas Intermediate crude declined on Monday trading session after a government report showed that exports in China, the world's second largest oil consumer, surprisingly decreased by 18.1% in February. WTI for settlement in April slipped as much as $1.53 to $101.05 per barrel as of 11:13 a.m. on the NYMEX.

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