Not only did it see a lower-than-expected GDP growth rate of 4.7% in the second quarter, but retail sales were also weaker than expected.
Risks of disruption remain in the region and could drive prices up in case of a flare-up.
Expectations of a softer monetary policy in the US could help limit losses in oil markets.
Possible future interest rate cuts could help stimulate economic growth in the United States, boosting economic activity and oil demand.
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