China

Oil Prices Fall

Bad news from China blamed

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The price of oil is falling on an unexpectedly weak economic report from China and warnings of a further slowdown.

Benchmark crude is down 53 cents to $95.87 Monday morning.

Data released Monday showed China's imports shrank unexpectedly in August, and the Chinese president warned growth could slow further. Factory output is now at a three-year low. It's troubling news from the world's second-largest economy, especially when growth in the world's No. 1 economy — the U.S. — has also slowed.