Crude oil remained under pressures as weak Chinese data offset impressive US dollar. the front-month contract for WTI crude oil broke below US$60/bbl for the first time since 2009 while the Brent crude contract is approaching US$60/bbl. Oversupply concerns remained the key issue but strength of the US dollar might have also weighed on oil prices. Gold fell for the third consecutive day on Friday.
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Mixed Chinese Data Weighed on Sentiment