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Oil prices are falling as China's economic outlook continues to weaken
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Economy News _ Baghdad
Oil prices fell as China's economic outlook remained weak, even as manufacturing data improved, as the ongoing trade war with the United States put pressure on demand growth at the world's largest crude oil importer.
Brent crude futures fell 20 cents to $ 61.71 a barrel, while US West Texas Intermediate crude futures fell three cents to $ 55.88 a barrel.
Data from the National Statistics Office showed that the official purchasing managers' index rose to 49.8 in September, slightly better than expected and up from 49.5 in August.
But it remained below the 50-point gap between growth and deflation on a monthly basis.
Brent is set to end September, up 2.1 percent, the first month-on-month increase since June. The month was up 1.4 percent.
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