Oil prices fell today following a one percent rise in China's July exports compared to the same period in 2011, while oil demand slowed in the US and EU.
The fall in trade flows raised investor hopes of fresh stimulus measures by the Chinese Government.
Brent crude was down by 63 cents to $112.59 by 2.51 while US crude fell 39 cents at $92.97, reports Reuters.
Tighter North Sea supply due to field maintenance is expected to fall by 17% in September, while tension in the Middle East also affected oil demand.
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