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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

INSANE: Oil prices slide as china demand data disappoints - The Real Truth

Oil China United States Joe Biden ANZ Covid-19
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas US August 22, 2018. REUTERS/Nick Oxford/File Photo

Oil prices fell on Monday after China released much-delayed trade data which showed that demand in the world's largest crude importer remained lackluster in September as strict COVID-19 policy and fuel export curbs depress consumption.

Brent crude futures for December settlement slid 40 cents, or 0.4%, to $93.10 a barrel by 0340 GMT after rising 2% last week. US West Texas Intermediate crude for December delivery was at $84.66 a barrel, down 39 cents, or 0.5%.

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