News of weaker German industrial output has pulled down Brent North Sea crude for January by over two dollars to US$109.3 a barrel in London trade, while oil on the Nymex slipped to US$97.34 a barrel.
Data from Germany shows that industrial output is declining and exports come to a halt, indicating that the German economy, one of the key drivers of recovery in the 17 country eurozone, appears to be stalling. Earlier, news from China made the markets buoyant on news of China's November trade surplus in the largest in five years. This is an indication of better demand from developed countries and stronger economic growth in China.
11-Dec-13 
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