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Oil falls after the decline in the growth of China's GDP in the third quarter
10.19.2015
Oil prices fell on Monday, at a time when China's economic growth fell in the third quarter to grow at the slowest pace since the beginning of the global financial crisis.
Brent crude oil prices have dropped by December delivery 18 cents to $ 50.28 a barrel at 0414 GMT, after closing 73 cents higher on Friday. US crude prices fell in November and October delivery 15 cents to $ 47.11 after closing high seven cents in the previous session.
It showed GDP figures China's slowdown in growth to 6.9 percent between July and September, countering analyst expectations of growth of 6.8 percent, but was lower than the increase of seven percent in the second quarter.
He said the National Bureau of Statistics show that growth on a quarterly basis stood at 1.8 percent compared to market expectations of growth of 1.7 percent. It ended 29 quarters e
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10.19.2015
Oil prices fell on Monday, at a time when China's economic growth fell in the third quarter to grow at the slowest pace since the beginning of the global financial crisis.
Brent crude oil prices have dropped by December delivery 18 cents to $ 50.28 a barrel at 0414 GMT, after closing 73 cents higher on Friday. US crude prices fell in November and October delivery 15 cents to $ 47.11 after closing high seven cents in the previous session.
It showed GDP figures China's slowdown in growth to 6.9 percent between July and September, countering analyst expectations of growth of 6.8 percent, but was lower than the increase of seven percent in the second quarter.
He said the National Bureau of Statistics show that growth on a quarterly basis stood at 1.8 percent compared to market expectations of growth of 1.7 percent. It ended 29 quarters e
[You must be registered and logged in to see this link.]
