Crude oil prices plummeted as China and South Korea reported weak economic figures and the likelihood of coordinated output reduction by top oil exporters dwindled.
Exports in South Korea hit levels last noticed during the 2009 financial crisis. Manufacturing sector activity in China constricted at its fastest pace in nearly three-and-a-half years last month.
Brent crude LCOc1 closed at $35.20 a barrel, down 79 cents. West Texas Intermediate CLc1 ended at $32.92 a barrel, down 70 cents.
The material has been provided by InstaForex Company – www.instaforex.com