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Oil slips as China demand concerns fuel recession fears

LONDON, Oct 10 (Reuters) – Oil prices fell on Monday, ending five days of gains, as investors looked to slowing economic activity in China, the world’s biggest crude importer, which revived concerns about a global recession and falling global fuel demand.

Brent crude futures for December settlement fell by as much as 1.1% and was down 40 cents, or 0.4%, at $97.52 a barrel by 1240 GMT.

West Texas Intermediate crude for November delivery declined by as much as 1.1% and was last at $92.29, down 35 cents, or 0.4%.

LONDON, Oct 10 (Reuters) – Oil prices fell on Monday, ending five days of gains, as investors looked to slowing economic activity in China, the world’s biggest crude importer, which revived concerns about a global recession and falling global fuel demand.

Brent crude futures for December settlement fell by as much as 1.1% and was down 40 cents, or 0.4%, at $97.52 a barrel by 1240 GMT.

West Texas Intermediate crude for November delivery declined by as much as 1.1% and was last at $92.29, down 35 cents, or 0.4%.

LONDON, Oct 10 (Reuters) – Oil prices fell on Monday, ending five days of gains, as investors looked to slowing economic activity in China, the world’s biggest crude importer, which revived concerns about a global recession and falling global fuel demand.

Brent crude futures for December settlement fell by as much as 1.1% and was down 40 cents, or 0.4%, at $97.52 a barrel by 1240 GMT.

West Texas Intermediate crude for November delivery declined by as much as 1.1% and was last at $92.29, down 35 cents, or 0.4%.


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