Brent crude fell below $113/B on Friday as a sharp slowdown in China’s trade flows highlighted fuel demand worries, though these were partly offset by hopes that China would ease monetary policy and  so boost oil consumption. China’s July exports rose just 1% from a year earlier, underscoring forecasts by a large margin and adding to a downbeat set of monthly data that has boosted expectations of fresh government action to shore up the economy (Reuters). Brent crude for September delivery fell 34 cents to $112.88/B, while US crude was at $93.20/B, down 16 cents.