Oil prices drop on Chinese woes

Oil prices drop on Chinese woes
London (AFP) July 27, 2015 - World oil prices slid on Monday to around four-month lows, hurt by poorly received economic data from China, the world's top energy consuming nation, traders said. A strong dollar and signs of increasing US oil production added further pressure to prices, which have already been depressed by a global oversupply of crude. US benchmark West Texas Intermediate (WTI) for September delivery f ... morehttp://www.oilgasdaily.com/reports/Oil_prices_drop_on_Chinese_woes_999.html