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Oil falls as China's economic recovery disappoints, dollar strengthens
Credit: IndiaTimes- Published on January 17, 2024
Oil prices dropped on Wednesday as China's economic growth, which fell slightly short of expectations, raised concerns about future demand. Additionally, the strength of the US dollar dampened investor risk appetite. Brent crude futures declined by 1.5%, or 1.19 dollars, to reach 77.10 dollars per barrel, while US West Texas...