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Winnipeg Free Press - PRINT EDITION
Japan's slow growth a drag on oil prices
THE price of oil fell Monday on a new sign that Asian countries won't make up for slackened oil demand in Europe.
Japan says its economy grew less than expected in the second quarter. Consumer spending, which makes up more than half the country's economic activity, fell and export demand was anemic.
Economies in China, a huge importer of oil, India and other Asian countries also have slowed.
Benchmark oil fell 14 cents to finish at US$92.73 a barrel in New York.
-- The Associated Press
Republished from the Winnipeg Free Press print edition August 14, 2012 B7
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