Brent crude declined to its lowest intraday level in more than two years as China ’s industrial output expanded at the weakest pace since the global financial crisis. West Texas Intermediate also fell. Futures slid as much as 0.9 percent in London. Factory production in China, the world’s second-biggest oil consumer, rose 6.9 percent from a year earlier in August, the National Bureau of Statistics said Sept. 13, compared with 9 percent in July and a median estimate of 8.8 percent in a Bloomberg News survey. Crude output in Libya increased to 870,000 barrels a day, according to state-run National Oil Corp. The Chinese data “is one of the main weak sides of the market,” Andy Sommer, an analyst at Axpo Trading AG in Dietikon, Switzerland , said by phone. “This weak data can mean the certainty, or confidence, in their expected growth is declining more and more. Currently […]