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Oil Prices Continue to Fall Amid Growing Concerns Over Chinese Demand

Oil Prices Continue to Fall Amid Growing Concerns Over Chinese Demand

Crude oil prices declined further early on Tuesday after more economic reports from China suggested weaker-than-expected economic growth. Brent crude slipped below $80 a barrel, with West Texas Intermediate trading just above $75 per barrel earlier today. This move in prices came as Reuters reported on a poll among economists expecting China’s manufacturing activity to shrink for the third month in a row. Staying with China, Citi cut its outlook on the country’s economy yesterday, now expecting GDP growth at 4.8%, down from 5% in an…

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