Oil slips with Brent below $80 on China demand woes
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00:00Oil prices eased on Monday.
00:02Brent crude fell 63 cents to $79.05 a barrel and US West Texas intermediate crude slipping
00:1071 cents to $75.94 a barrel.
00:15Concerns about weakening demand in China, a major oil importer, and the end of the US
00:20peak driving season contributed to the said decline.
00:24Inflation data, supply risks from the Middle East and the Russian-Ukraine conflict continue
00:29to support the market.
00:31Additionally, China's diesel and gasoline exports sharply declined in July due to lower
00:36crude processing and weak profit margins.