Oil prices fell as Chinese crude imports dropped in June, while worries about supply disruptions eased after a halt in the labour strike concerning Norway’s oil industry.
Brent dropped by $1.98 to $98.34 after rising two percent on Monday over fears that the Norway strike would totally shut production, reports Reuters.
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Meanwhile, US crude fell $1.29 at $84.70 a barrel as China, the world’s second biggest crude consumer, imported 15% less in June than the same month a year ago.
US crude fell $1.29 at $84.70 a barrel. China’s GDP data will be released later this week which will be the weakest expansion in three years, reports Reuters.
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