| Global oil prices ended Monday at the lowest level in more than a year as Chinese and U.S. data spurred investors to bet demand wouldn't rise fast enough to absorb new supply. Oil markets have been in decline since mid-June, with booming production, primarily in the U.S., outweighing worries that crises in the Middle East and Eastern Europe could disrupt supply distribution.
Now traders are concerned demand won't keep up. Data from the world's top oil consumers—the U.S. and China—suggest their economies aren't growing as quickly as some had hoped...............................................Full Article: Source
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