WTI drops as China's demand eases

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Source: Bloomberg
West Texas Intermediate oil declined on Monday trading session falling for the second day on speculation that fuel demand in the world's second-largest crude consumer may ease after a report showed a slow-down China's economy. WTI for settlement slipped 71 cents to $96.78 per barrel on the NYMEX and was last seen at $96.98 by 9:13 a.m. in London.

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Mon, 03 Feb 2014 11:38:03 GMT

Brent falls as China's economy loses its momentum

The European benchmark Brent crude declined on Monday after a report showed that purchasing managers index in China dropped last month as production and new orders slipped and amid concerns that fuel demand may decline as the economy lost its momentum. Brent for delivery in March lost 40 cents to $106 per barrel on the London's ICE Futures Europe exchange.

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