Monday, 1 February 2016
Today'sBest Mcx Market News On Crude Oil
Oil prices dropped early on Monday after China and South Korea posted surprisingly weak economic data and on worries the prospect of a coordinated production cut by leading crude exporters seemed remote.
Front-month Brent crude was trading at USD 35.54 per barrel at 0157 GMT, down 45 cents, or 1.25 percent, from the last close. US West Texas Intermediate was down 35 cents at USD 33.27 a barrel.
Activity in China's manufacturing sector contracted at its fastest pace in almost three-and-a-half years in January, missing market expectations.
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