Oil declines as Chinese demand eases

Note: This section contains information in English only.
Source: Bloomberg
Crude oil price dropped from the three-day record high after crude demand from China fell to the lowest figure in 5 months. Oil to be delivered in June lost USD 0.74 to USD 103.14 per barrel while June Brent oil fell 0.4% or USD 0.46 to USD 118.30 per barrel. According to Bloomberg estimates, Chinese oil demand weakened to 9.51 million barrels per day in March.

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