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Oil prices fell in early Asian trade today on investor fears of a slowdown in demand in China, the world's top crude importer, and on expectations of continued interest rate hikes in the United States and Europe, Reuters reported.

European North Sea Brent futures for October delivery fell 34 cents, or 0.4 percent, to $93.66 a barrel.

U.S. light crude lost 20 cents, or 0.2 percent, to $87.58 a barrel.

Both grades fell by about a dollar yesterday, snapping their three-day uptrend.

Oil starts the week lower

The continued restrictions in China with the basis of cheaper oil.

Travel numbers for the three-day autumn festival held at the end of last week have dropped by a third compared to last year as Beijing's zero-covid policy discourages people from taking trips.

Investors are also waiting for the inflation data in the US, which will be announced in the afternoon.

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