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Oil prices dip as China posts slowest GDP growth in almost 3 decades

Friday, 18 October 2019 13:25 WIB Minyak WTI Minyak Mentah Minyak Brent

Oil prices fell on Friday after China, the world’s largest oil importer, recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States. Global benchmark Brent crude oil futures fell by 34 cents, 0.6%, to $59.57 a barrel by 0350 GMT. U.S. West Texas Intermediate (WTI) crude futures were down by 12 cents, or 0.2%, to $53.81 per barrel. In the third quarter, China's economic growth slowed to 6% year-on-year, its weakest pace in 27-1/2 years and below expectations, dogged by soft factory production amid ongoing trade tensions with United States and sluggish domestic demand. Crude demand growth tends to closely follow...

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Oil futures finished lower on Friday, giving up earlier gains to build a loss for the week, as data showing slower Chinese economic growth fed worries about weaker demand for oil and a recent report

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Gold Dips On Day, But Up On Week Ahead of Brexit Vote
Saturday, 19 October 2019 03:40 WIB
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CURRENCIES

The U.S. dollar was lower against other currencies on Friday, while the euro was buoyed by hope that a Brexit deal will help mitigate risks of a recession in the bloc. U.K. Prime Minister Boris

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