Markets

Oil falls to $99 on weak China data, Norway

(Reuters) - Oil fell to $99 a barrel on Tuesday after Norway ended a strike that threatened to halt oil output and prospects for demand growth dimmed after China bought less oil.

Brent fell more than $2 during earlier trade in Asia to a low of $98.22 after the Norwegian government stepped in and ordered a last-minute settlement in a labor dispute to prevent a full closure of the country's oil industry.

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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.

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