Oil Falls by Over $1 a Barrel on Chinese Demand Concerns

Oil Falls by Over $1 a Barrel on Chinese Demand Concerns
Pump jacks operate at sunset in Midland, Texas on Feb. 11, 2019. Nick Oxford/Reuters
Reuters
Updated:

LONDON—Oil prices fell by more than $1 a barrel on Tuesday as rising COVID-19 cases in China renewed fears of lower fuel consumption from the world’s top crude importer.

Brent crude futures fell $1.07, or 1.15 percent, to $92.07 a barrel by 1005 GMT after settling 3 percent lower on Monday.