1 Min Read
SINGAPORE (Reuters) - U.S. crude futures fell more than $1 on Tuesday as weak Chinese import data stoked fears of a global fuel demand slowdown and Norway averted a full output shutdown after the government stopped a labor strike.
U.S. crude had slipped to a low of $84.89 a barrel, down $1.10.
China imported 21.72 million metric tons (23.9 million tons) of crude oil in June, down 14.8 percent from 25.48 million in the previous month, according to data from its General Administration of Customs.
Reporting by Florence Tan; Editing by Clarence Fernandez