Oil fell more than $1 on Wednesday as economic growth in China was a little short of expectations, raising concerns about future demand, while U.S. dollar strength dented investors’ risk appetite.
Brent crude futures fell $1.38, or 1.8%, to $76.91 a barrel by 1428 GMT. U.S. West Texas Intermediate crude futures (WTI) were down $1.35, or 1.9%, at $71.05.
