The Traderszone Network

Published in TZ Latest News 19 January, 2015 by The TZ Newswire Staff

Oil slides 3% on China economy worries, record Iraq output

The world’s biggest energy consumer, China, faces significant downward pressure on its economy, its premier Li Keqiang was quoted by state radio as saying on Monday. China is expected this week to report growth slowing to 7.2 percent from a year ago, the weakest since the depths of the last global economic crisis. Data from China’s National Bureau of Statistics showed on Sunday house prices fell for a fourth straight month.