http://www.businessinsider.com/r-oil-prices-dip-on-gloomy-chinese-european-outlook-2015-1
SINGAPORE (Reuters) - Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week.
Chinese new home prices fell an average 4.3 percent year-on-year in 68 of the 70 major cities monitored. That was an appetizer for Tuesday's report on gross domestic product which is expected to show annual growth slowed to 7.2 percent last quarter, undershooting Beijing's 7.5-percent target and the weakest in 24 years.
In Europe, the main event of the week will be Thursday's meeting of the European Central Bank (ECB), which is considered almost certain to see the launch of a government bond-buying campaign, pointing to further euro falls against the dollar as well as to downward pressure on oil prices.
"Commodity markets to be driven by currency markets and expectations of ECB quantitative easing this week," ANZ bank said in a note on Monday.
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