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Highlighting the risks of the country’s trade dispute with the US, China has reported some of its slowest growth in years in retail sales and industrial output. Following this, oil prices dipped on Friday. Brent went down by 0.6% and was traded at $61.09 per barrel. WTI crude slipped by 0.2% and was traded at $52.47 per barrel. Slowing down of the Chinese economy is a concern but demand still stays strong, as stated by an industry official in Tokyo.
