Brent falls as China's GDP eases in Q4

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Source: Bloomberg
The European benchmark Brent crude lost on Monday trading session increasing the WTI-Brent premium from $11.89 recorded on January 17 to $12.42 today after a report showed that the world's second largest oil consumer, China, recorded slower economic growth in the Q4. Brent for settlement in March slipped 26 cents ti $106.22 per barrel on the London's ICE exchange.

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Mon, 20 Jan 2014 11:22:04 GMT

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West Texas Intermediate oil decreased on Monday falling from the strongest closing prices in a two-week period after government report unveiled that industrial production in China eased last month. WTI for settlement in February dropped 76 cents to a level of $93.61 per barrel on the NYMEX and was last seen at $93.74 as of 3:40 p.m. in Singapore.

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