Oil drops as weak Chinese factory data heightens demand concerns

Oil drops as weak Chinese factory data heightens demand concerns

LONDON, Aug 1 (Reuters) – Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments. Brent crude futures were down $1.42, or 1.4%, at $102.55 a barrel by …

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