Oil drops on weak corporate data from China

Oil drops on corporate Information out of China 3TOKYO (Reuters) – Oil prices fell on Monday after strong earnings last week, as statistics released in China reinforced signs its economy is slowing down, though progress in China-U.S. trade talks has supported costs. Brent crude was down 34 cents, or 0.4%, at $61.79 per barrel by 0531 GMT, having gained more than 4% a week, its best weekly gain since…
News story posted on 2019-10-28T08:01:00.0000000Z