{"id":48733,"date":"2023-08-15T14:08:08","date_gmt":"2023-08-15T18:08:08","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/oil-prices-slump-after-weak-china-data\/"},"modified":"2023-08-15T14:08:10","modified_gmt":"2023-08-15T18:08:10","slug":"oil-prices-slump-after-weak-china-data","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=48733","title":{"rendered":"Oil prices slump after weak China data"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002399159\">\n<div class=\"snippet__body\">\n<p>Oil futures slumped Tuesday, feeling pressure after another round of disappointing economic data out of China, which was followed by interest rate cuts by the central bank in Beijing.<\/p>\n<h2>Price action<\/h2>\n<h2>Market drivers<\/h2>\n<p>Data released Tuesday showed China\u2019s\u00a0retail sales and industrial production grew less than expected in July. The figures followed other lackluster data and comes amid worries over severe distress in the countries property sector, which prompted\u00a0a series of interest rate cuts\u00a0by the People\u2019s Bank of&#8230;\n      <\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/oil-edges-lower-after-weak-china-data-93b8147b?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil futures slumped Tuesday, feeling pressure after another round of disappointing economic data out of China, which was followed by interest rate cuts by the central bank in Beijing. Price action Market drivers Data released Tuesday showed China\u2019s\u00a0retail sales and industrial production grew less than expected in July. The figures followed other lackluster data and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-48733","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Oil prices slump after weak China data | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Oil futures slumped Tuesday, feeling pressure after another round of disappointing economic data out of China, which was followed by interest rate cuts by\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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