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Oil slides more than 1% as China GDP dents hope of demand rise
Mint Mumbai
|July 18, 2023
Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world's second-biggest oil consumer while a partial restart of halted Libyan output also pressured.
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China's gross domestic product (GDP) grew 6.3% year on year in the second quarter, compared with analyst forecasts of 7.3%, with its post-pandemic recovery faltering rapidly owing to weakening demand at home and abroad.
Cette histoire est tirée de l'édition July 18, 2023 de Mint Mumbai.
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