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Oil Prices Fall on China Data, Trade War Jitters


Tuesday, 15 October 2019 18:52 WIB

Minyak WTIbrent oilOil,Crude Oil


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Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal despite signs of a truce last week.

Brent crude fell $0.44, or nearly 1%, to $58.94 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 55 cents, or 1%, to $53.05.

The National Bureau of Statistics (NBS) reported on Tuesday that China’s factory gate prices declined at the fastest pace in more than three years in September.

The U.S.-China trade dispute also continued to cast a shadow on the global economy.

Source : Reuters


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