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Brent Dips Below $111 on Chinese Data

Brent crude oil fell below $111 on Monday morning and traded at $110.58 at 7:38 GMT after Chinese data shook investor confidence in the nation's recovery.

Chinese inflation was at a 10-month high in February, sparking concern that policy changes are in order. Weak factory output and consumer spending compounded fears that the nation's growth and recovery was off track.

However, CNBC reported that some analysts claim that the figures could be skewed from the Lunar New Year holidays, which made the data more difficult to interpret since it may have caused the weaker numbers.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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