NEW YORK (TheStreet) -- Oil prices were giving up six straight days of gains as worries about China and Europe sparked selling among traders.
Brent crude oil for December delivery was falling $1.58 to $107.39 a barrel and West Texas Intermediate (WTI) light sweet crude oil for November delivery was tumbling $2.21 to $83.36, largely in reaction to worries that China, the world's largest consumer of energy, will be consuming less oil going forward.
China overnight posted a smaller-than-expected trade surplus; and crude imports fell 12.2% year-on-year last month. Meanwhile, copper stockpiles nearly doubled than the amount projected, pointing to less consumption of the metal than expected. ...
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