West TX Oil Below $103 on China Data

U.S. crude futures slipped in early Asian trade on Monday, as data showing an unexpected fall in China’s exports added to fears of a slowdown in the world’s No. 2 economy, stoking demand growth concerns.

But worries over supply disruptions due to geopolitical tensions in Ukraine and north African exporter Libya limited falls.

U.S. oil dropped 20 cents to $102.35 a barrel by 0048, after touching a high of $102.82. It rose to an intra-day high of $102.91 a barrel on Friday before settling up $1.02.

CNBC

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