Weak economic data out of China puts pressure on oil prices
China's economy is recovering more slowly than expected. According to the latest data, the country's GDP rose by 6.3% year-over-year in Q2 after moving up 4.5% YoY in Q1. It was forecasted to grow by 7.1%. Signs of an economic slowdown in China, a major oil consumer, raise concerns about demand for oil. Brent crude oil prices are declining.
Why to trade with Libertex?
- access to a demo account free of charge
- technical assistance to the operator 5 days a week, 24 hours a day
- leverage up to 1:500
- operate on a platform for any device: Libertex and Metatrader 4 and 5
- no commissions for extractions in Latin America