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[size=32]Oil prices are sharply mixed with mixed data[/size]
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[rtl]Crude oil prices started to fluctuate at the beginning of the week as a result of the emergence of mixed Chinese data, one of which supports the price of crude to rise, and another pressure on it.[/rtl]
[rtl]Chinese official data showed last weekend that oil refining in Chinese refineries rose to record levels in 2018 to 12.1 million barrels per day (bpd), compared to 11.4 million bpd in 2017, pushing prices up yesterday morning.[/rtl]
[rtl]However, subsequent data released on Monday showed China's economic growth slowed in the fourth quarter of 2018, compared with the previous quarter, to 6.4 percent, from 6.5 percent.[/rtl]
[rtl]The latest data showed Brent crude for March delivery fell 0.22 percent, or 13 cents, to $ 62.58 a barrel.[/rtl]
[rtl]Brent crude prices were above $ 63, the highest level recorded in 2019.[/rtl]
[rtl]China, the world's largest importer of crude oil and second largest consumer, is behind the United States.[/rtl]
[rtl]US crude futures for November delivery fell to $ 54.03 a barrel by 0.30 percent, or 17 cents.[/rtl]
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