Oil prices fall on slowing global economic growth outlook | GulfNews.com:
"Oil prices dropped in Asian trading hours on Monday despite a fall in U.S. drilling activity for the fourth straight week, with analysts pointing to a poor economic growth outlook as the main reason for low crude prices.
China's August industrial profits dropped 8.8 percent from the same month last year, and January to August industry profits were down 1.9 percent.
"The growth problem endures. Asia isn't about to bounce," said Frederic Neumann, co-head of Asia Economics Research at HSBC in Hong Kong on Monday in a note to clients."
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