Oil falls as China’s economic recovery disappoints, dollar strengthens.
Oil fell on Wednesday as economic growth in China, the world’s second-largest crude user, slightly missed expectations, raising concerns about future demand increases, while U.S. dollar strength dented investor’s risk appetite.
Global benchmark Brent crude futures fell 58 cents, or 0.7%, to $77.71 a barrel by 0720 GMT. U.S. West Texas Intermediate crude futures (WTI) fell 61 cents, or 0.8%, to $71.79 a barrel.
