LONDON: US light crude oil futures fell more than $1 per barrel on Monday on demand worries after China said its economic growth was moderating.
U.S crude futures for April fell $1.20 to a low of $105.50 per barrel by 0959 GMT.
China cut its 2012 growth target to an eight-year low of 7.5 percent, lowering its long-standing annual goal of 8 percent, causing a fall in Asian shares and raising questions over oil demand.
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