Oil Prices Continue to Fall Amid Growing Concerns Over Chinese Demand

Crude oil prices declined further early on Tuesday after more economic reports from China suggested weaker-than-expected economic growth. Brent crude slipped below $80 a barrel, with West Texas Intermediate trading just above $75 per barrel earlier today. This move in prices came as Reuters reported on a poll among economists expecting China’s manufacturing activity to shrink for the third month in a row. Staying with China, Citi cut its outlook on the country’s economy yesterday, now expecting GDP growth at 4.8%, down from 5% in an…