The Traderszone Network

Published in TZ Latest News 1 November, 2015 by The TZ Newswire Staff

Oil prices drop on China demand worries

Oil prices fell in early trading in Asia on Monday as analysts expected weaker demand from China in upcoming months. “Weak economic data out of China will likely keep any gains in commodity prices limited,” ANZ said. Barclays said that China’s oil demand growth for September, adjusted for inventories, slowed to 226,500 barrels per day (bpd), or 2.1 percent, compared with the same month last year, much lower than the 6.3-percent gain registered for the first three quarters of the year.