New York, NY, April 15, 2013 -- Oil prices continued their downward trend Monday as a slowdown in China's growth may lead to weak demand.
Benchmark crude for May delivery was down $2.32 to $88.97 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $2.22 to $91.29 on Friday.
The Chinese government on Monday said growth slowed to 7.7% in the first quarter from 7.9% in the final quarter of last year.
Brent crude was down $1.71 to $101.33 a barrel.