Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018.
Brent crude oil futures were last down 35 cents on the day at $62.35 a barrel by 0946 GMT, while U.S. crude futures were down 23 cents at $53.57 a barrel.
The broader financial markets were weaker after data showed China’s 2018 economic growth slowing to the weakest in 28 years, at 6.6 percent versus 6.8 percent in 2017.
Although the slowdown was in line with expectations and not as sharp as some analysts had expected, the cooling of the world’s No.2 economy casts a shadow over global growth.
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