WTI trades below $44 amid weakening demand

Source: WBP Online
© Scanpix/Reuters
Crude oil futures traded below the $44 a barrel level on Monday, after market sentiment was damaged by economic data from China and the strengthening Dollar. The US benchmark WTI futures slipped 0.3% to $43.72 a barrel, while the European Brent Crude lost 0.1% to $49.19 a barrel by 7:10 AM GMT. Chinese outbound shipments fell 8.3% in July, thus adding to further concerns over China's slowing economy. 
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