TOKYO : Oil prices fell in early trade on Tuesday ahead of a slew of economic data from China which should provide clues on the outlook for any recovery in demand in the world's top oil importer.U.S. West Texas Intermediate crude was down 11 cents, or 0.13 per cent, at $82.40 a barrel. Brent crude future
TOKYO : Oil prices fell in early trade on Tuesday ahead of a slew of economic data from China which should provide clues on the outlook for any recovery in demand in the world's top oil importer.
China is due to release industrial production, investment, retail sales and unemployment figures for July on Tuesday, after other indicators showed the world no.2 economy slipped into deflation and its trade slumped. In another worrying indicator, the People's Bank of China on Friday said new bank loans tumbled in July and other key credit gauges also weakened.
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