Oil Falls On Weak China Data, Stronger US Dollar

Oil Falls On Weak China Data, Stronger US Dollar
Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang Province, China, on Aug. 22, 2019. Stringer/Reuters
Reuters
Updated:

LONDON—Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears.

Brent crude futures for August delivery were down $1.29, or 1.75 percent, to $72.42 a barrel at 1013 GMT. U.S. West Texas Intermediate crude (WTI) fell $1.28, or 1.84 percent, to $68.18.