Oil prices opened lower on Monday after China set a modest target for economic growth this year of around 5 percent, lower than market expectations of 5.5 percent growth in the world's second- largest oil consumer. Brent crude futures were trading down 50 cents, or 0.6 percent, at $85.33 a barrel at 0147 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 46 cents, or 0.6 percent, at $79.22 a barrel. China's closely watched growth outlook was down from last year's target of 5.5 percent and came in at the low end of expectations.

https://business.inquirer.net/389608/oil-prices-open-lower-on-modest-chinese-growth-forecast

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