{"id":84608,"date":"2023-06-01T00:00:00","date_gmt":"2023-06-01T00:00:00","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=e1b0516e95fc26d0b27560f5337373c6"},"modified":"2023-06-01T00:00:00","modified_gmt":"2023-06-01T00:00:00","slug":"oil-prices-decline-as-chinese-economic-data-disappoint","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/oil-prices-decline-as-chinese-economic-data-disappoint\/","title":{"rendered":"Oil Prices Decline as Chinese Economic Data Disappoint"},"content":{"rendered":"
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Oil prices retreated today, affected by a rise in the US dollar as weak data from China increased investor fears over hopes of an economic recovery in the country.<\/P>
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Brent’s August futures declined $1.11 to $72.6 a barrel. Texas crude declined $1.37 to end at $68.09 a barrel. They both reached their lowest closing in several weeks.<\/P>
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Data showed a contraction in China’s industrial PMI to 48.8 in May, compared to 49.2 in April, missing expectations of an improvement to 49.4. A reading above 50 reflects an expansion in manufacturing. While a reading below 50 reflects contraction in manufacturing activity.<\/P>
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Source: Qatar News Agency<\/P>
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Oil prices retreated today, affected by a rise in the US dollar as weak data from China increased investor fears over hopes of an economic recovery in the country.Brent’s August futures declined $1.11 to $72.6 a barrel. Texas crude declined $1.37 to en…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"yoast_head":"\n