China Trade Balance USD registered at $32.59B, below expectations ($50.15B) in February

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Mar 8, 2016

Oil drops over 1% in Asia, Brent off 2016 highs

Having reached fresh multi-week highs in the previous session, oil benchmarks on both sides of Atlantic now attempt a minor correction in Asia this Tuesday, as focus now remains on the Chinese trade data and the API stockpiles report.

China Trade Balance USD registered at $32.59B, below expectations ($50.15B) in February

Oil drops over 1% in Asia, Brent off 2016 highs

China Exports (YoY) came in at -25.4% below forecasts (-12.5%) in February