Oil down $ 50 by the Asian data
9/17/2015 0 Comments
Oil prices fell on Thursday to below $ 50 a barrel after Japanese data that rang alarm bells about the weak outlook for global growth, offsetting the positive impact of the decline in US crude inventories more than expected. Brent crude earlier on Thursday above $ 50 a barrel for the first time this week. Japan's exports fell for the second consecutive month in August, in a sign that the slowdown of the Chinese economy may have a negative impact on third-largest economy in the world. This data comes after the release of disturbing other data from other Asian economies, including South Korea and Taiwan, more than from concerns about the implications of a sharp slowdown in China. And went down the global Brent crude 25 cents to $ 49.50 a barrel by 0830 GMT, after rising to $ 50.14 a barrel earlier. The US light crude fell 30 cents to $ 46.85 a barrel .