Economics
Oil Trades Near Three-Week Low on Concern China Demand Slowing
This article is for subscribers only.
Crude oil traded near its lowest level in three weeks on concern that a slacker pace of economic recovery in China may constrain global fuel demand.
Car sales growth in the country slowed in June, the China Automotive Technology & Research Center said today, and a services-industry index slid to a 15-month low, according to HSBC Holdings Plc and Markit and Markit Economics.