Brent oil is currently trading at $63.00 per barrel, having clocked a low of $62.25 earlier today. Prices had dipped in early Asia on fears that the world's second-largest economy may have suffered a deeper economic slowdown in the fourth quarter of 2018. The data, however, showed that the annualized fourth-quarter growth rate slowed to 6.4 percent, as expected. More importantly, industrial production in December rose 5.7 percent year-on-year, beating the estimate of 5.3 percent by a big margin, signaling markets that the economic situation isn't as bad as forecasted by many. Consequently, oil picked up a bid and ... (full story)