| Global oil prices deepened their slide Monday after weak industrial and retail data from China raised concerns about demand for crude. The global Brent crude contract on the ICE Futures Europe exchange fell 46 cents, or 0.5%, to $96.65 a barrel, the lowest settlement since June 28, 2012. Brent is down 17% from the 2014 high reached in mid-June. The October Brent contract expired with the close of trading Monday.
Analysts cited disappointing data from China in oil's selloff on Monday, with industrial production in the world's second-largest oil consumer slowing to the lowest rate since 2008 and new-car sales also decelerating...............................................Full Article: Source
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