Oil Updates – crude falls as China’s economic recovery disappoints, dollar strengthens

Oil Updates – crude falls as China’s economic recovery disappoints, dollar strengthens

BEIJING/SINGAPORE: Oil fell on Wednesday as economic growth in China, the world’s second-largest crude user, slightly missed expectations, raising concerns about future demand increases, while US dollar strength dented investor’s risk appetite, according to Reuters.

Global benchmark Brent crude futures fell 58 cents, or 0.7 percent, to $77.71 a barrel by 10:20 a.m. Saudi time. US West Texas Intermediate crude futures fell 61 cents, or 0.8 percent, to $71.79 a barrel. Oil Updates – crude falls as China’s economic recovery disappoints, dollar strengthens