Brent slips further as China data shows uneven recovery

A man stands in front of an electronic board at a stock exchange in Shanghai January 22, 2008. China's main stock index ended Tuesday morning more than 4 percent lower because of sliding overseas markets and the prospect of big supplies of new shares, though blue chips came well off their early lows.   REUTERS/Aly Song (CHINA)

Oil price: Brent futures slipped on Monday as data from China shows an uneven economic recovery

Renewed geopolitical worries in the Middle East and a strong US dollar also puts pressure on prices

Brent futures slipped further below $111 on Monday on demand growth concerns as the latest data from China pointed to an uneven economic recovery in the world's second-biggest oil consumer, while a stronger dollar added extra pressure on prices.

Chinese data showing inflation at a 10-month high in February and weaker factory output and consumer spending stoked worries that the economy may need policy tightening before industrial output and retail sales regain momentum, Reuters stated.

However, the news wire said the likelihood of the numbers being distorted by the long annual Lunar…

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