[New York 18th Reuters]-Crude oil futures in US time fell slightly due to concerns over China's economic growth. However, the decline was limited due to expectations for a US-China trade agreement.
The clearing price of North Sea Brent futures <LCOc1> is $ 0.49 a barrel down to $ 59.42, and US WTI crude futures <CLc1> is $ 0.15 down to $ 53.78. From the beginning of the week, North Sea Brent fell 1.8% and WTI crude 1.7%.
The National Bureau of Statistics of China announced on the 18th that the gross domestic product (GDP) in the third quarter was 6.0% higher than the previous year, the growth rate was lower than the market forecast, the lowest since the start of quarterly statistics in 1992. The production slump in the manufacturing industry was affected by the impact of the US-China trade war.
However, in the US-China trade war, U.S. Treasury Secretary Mnushin announced on the 16th that the US-China officials are continuing to finalize the partial agreement on the trade issue that was obtained last week. Ritterbush and Associates Jim Ritterbush said, “New news on US-China trade talks is drawing attention in the market, and concerns over the global economic slowdown caused by trade issues are so important. No "
