Oil near $87 even as Chinese growth slows
, the world's second-largest crude consumer, slowed in the second quarter to a three-year low. The decline was in line with expectations. , benchmark oil for August delivery was up 83 cents at $86.91 a barrel in electronic trading on the . Crude rose 27 cents to settle at $86.08 on Thursday in New York. for August delivery was up 90 cents at $101.97 per barrel on the ICE Futures exchange. said its gross domestic product expanded 7.6 percent in the April to June period from a year earlier, the lowest since 2009. China also reported that ...
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