Uncertainty about China’s oil demand is also pushing back oil markets’ recovery
Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France. Picture: REUTERS/CHRISTIAN HARTMANN
US West Texas Intermediate crude skidded 63c, or 1.6%, to $39.14 a barrel after earlier dropping to $38.55, the lowest since July 10. China, the world's biggest oil importer which has been supporting prices with record purchases, slowed its intake in August and increased its products exports, according to customs data on Monday.
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