Agence France-PresseJune 11, 2013 04:35
Oil prices were down in Asia on Tuesday after downbeat Chinese data highlighted concerns about slowing growth in the world's second largest economy.
New York's main contract, West Texas Intermediate (WTI) light sweet crude for delivery in July, dropped 11 cents to $95.66 a barrel in the afternoon. Brent North Sea crude for July delivery shed 29 cents to $103.66.
"A lot of data has come out over the weekend. Dealers are trying to get their heads around China and its import and export data," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP.