West TX Oil Drops Below 94 before Chinese Data

U.S. crude fell in early Asian trading on Monday, easing from a two-week high, as investors awaited Chinese data expected to show a slight slowdown in the world’s second largest economy.

Chinese data including fourth-quarter GDP and industrial output is due at 0200 GMT. The economy is forecast to have grown by 7.6 percent in the fourth quarter versus 7.8 percent in July-September.

Risky assets including oil may be sold off if the Chinese GDP number comes in below market expectations, with Asian equities already trading slightly weaker.


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