Crude Oil Lower as Weak Data Australia and Eurozone Exacerbates Growth Concerns

Crude oil price remains under pressure in European session with the front-month WTI contract slipping to as low as 76.92. Price has dropped for 5 out of 6 trading days after rising to a 3-month high at 82.97 on August 4. Renewed worries over economic slowdown have weighed on crude oil.

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Crude Oil Lower as Weak Data Australia and Eurozone Exacerbates Growth Concerns