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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOil prices fell on Monday, while the effects of the expected recovery in China are long overdue, as evidenced by the retail sales indicator that slowed in the country.
The price of a barrel of Brent from the North Sea, for delivery in February, lost 0.71% to 73.96 dollars, around 09:50 GMT (10:50 CET), around 09:50 GMT (10:50 CET). Its American equivalent, a barrel of West Texas Intermediate (WTI), for delivery in January, fell by 0.95% to 70.61 dollars. Bjarne Schieldrop, an analyst at SEB, indicates that “the Chinese statistics in November remain disappointing.” China is the world's largest oil importer and its economic health is decisive for the price of black gold
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