Poor Chinese Growth Pushes Oil Prices Lower

Weaker-than-expected growth in China forced oil prices lower.

U.S. crude lost $1.17 to finish at $47.52 a barrel on Monday. Brent crude lost $1.33, finishing at $48.84.

China’s GDP expanded 7.4 percent in 2014, which is the slowest growth rate for that country in 24 years.

– Anthony Pollreisz