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Oil falls over 1.5% after weak data from Asian refiners offsets tightening supply; WTI briefly slips below $80/bbl-mark
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₹6,755 per bbl, having swung between ₹6,629 and ₹6,805 per bbl during the session so far, against a previous close of ₹6,806 per barrel. China's July oil imports were down 18.8 per cent from the previous month to the lowest daily rate since January, but still up 17 per cent from a year earlier.
Overall, China's imports contracted by 12.4 per cent in July, far steeper than the expected five per cent drop. Exports fell by 14.5 per cent, compared with a fall of 12.5 per cent tipped by economists.
Read more on livemint.comAbout this in other media
Japan's Nikkei falls over 3% this week; posts biggest weekly loss in 8 months amid China worries livemint.com /8 months ago
China's yuan falls against dollar, raising questions about weaker currency to boost exports abcnews.go.com /8 months ago
Stock market today: Wall Street falls with markets worldwide after weak economic data from China abcnews.go.com /8 months ago
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