WTI fades the uptick above $ 51, China trade slump weighs

Published: 14/01/2019
WTI fades the uptick above $ 51, China trade slump weighs
Source: WWW.FXSTREET.COM

Weakening China imports and exports trigger risk-off, drag oil prices lower. But losses appear capped amid a surge in Chinese oil exports and USD softness. The bears fought back control and knocked-off WTI (oil futures on NYMEX) back below the 51 handle, as a sharp drop in exports and imports in the world’s no. 2 oil consumer, China, dented investors' appetite towards the higher-yielding

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