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Oil slips as weak China export data weighs


Tuesday, 10 December 2019 03:21 WIB

Minyak WTI


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Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month, sending jitters through a market already concerned about damage to global demand by the trade war between Washington and Beijing.

Brent futures fell 14 cents, or 0.22%, to  settle at $64.25, after gaining about 3% last week on news that OPEC and its allies would deepen output cuts.

West Texas Intermediate oil futures fell 18 cents, or 0.3%, to settle at $59.02 a barrel, according to Dow Jones. Last week WTI gained about 7% on the prospect for lower production from OPEC+, which is made up of the Organization of the Petroleum Exporting Countries and associated producers including Russia.

Source: CNBC


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