Oil prices mixed after weak Chinese trade

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Singapore: The oil prices in Asia are mixed following latest Chinese trade data showed lacklustre demand in the world´s top energy consumer, analysts said.

The US benchmark West Texas Intermediate for October delivery fell $1.34 to $44.71 while Brent crude for October gained 44 cents to $48.07 in late-morning trade.

Overseas shipments in August fell 6.1 percent in yuan terms from a year earlier. This compared with a fall of 8.9 percent in July, Chinese customs administration said.

Imports dropped 14.3 percent, from an 8.6 percent decrease in July.