Oil Falls on Signs Chinese Economic Growth Will Slow

Oil fell for the first time in four days after Chinese economic data signaled slower growth by the world’s second-largest user of crude.

Futures dropped from a one-week high after China said on March 10 that the country’s trade deficit in February was the largest in at least 22 years. Government data also showed that China, the biggest consumer of crude after the U.S., had the weakest January-February factory-production gain since 2009 and retail sales below expectations.