Jul 15 2019

Oil Prices Edge Lower as China’s GDP growth Slow

Oil prices tumbled on Monday after China posted its lowest quarterly economic growth in at least 27 years, bolstering up concerns about demand in the world’s largest crude oil importer.

China’s economic growth eased to %6.2 in the second quarter from a year earlier in line with analysts’ expectations, with demand at home and abroad fluctuates as the US-China trade war continues.