Oil Prices Fall As U.S. Dollar Strengthens And China’s Economy Struggles

Crude oil prices slid in midmorning Asian trade on Monday as China’s economic recovery continues to disappoint while the U.S. dollar strengthens. Even with the slide, however, benchmarks remain much higher than they have been for months. Brent crude was trading slightly below $86 per barrel at the time of writing and West Texas Intermediate was changing hands at over $82 per barrel, finding support at that level despite the bearish signals. Support for oil prices also came from the International Energy Agency, which said in its latest monthly…