Oil Falls to Near Six-Month Low as Weak China Data Deepens Gloom

Bloomberg · last updated March 9, 2025 – 8:25 PM

Oil fell as weak economic data from China compounded a tough outlook for demand, and wider markets carried a risk-off tone.

Brent traded near $70 a barrel after touching the lowest since 2021 last week, while West Texas Intermediate was below $67. China’s consumer inflation fell more than expected and was below zero for the first time in 13 months, highlighting persistent deflationary pressures in the biggest crude importer.

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