| Oil’s fall below $60 a barrel to five and a half year lows gathered pace on Tuesday after data showed Chinese factory activity had weakened. ICE January Brent — the international oil benchmark — dropped $1.45 to $59.61 a barrel in afternoon trading, after falling as low as $58.50 a barrel. This is almost half the level it reached in mid-June.
China’s manufacturing sector shrank for the first time in seven months in December, according to figures released on Tuesday, adding to a series of data releases pointing to slowing economic growth in the world’s largest oil importer............................................Full Article: Source
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