LONDON—Oil prices hit fresh 2–1/2-month lows on Tuesday as mixed economic data from China offset the impact of Saudi Arabia and Russia extending output cuts.
Brent crude futures were down $1.65, or 1.94 percent, to $83.53 a barrel as of 0920 GMT while U.S. West Texas Intermediate crude was at $79.21 a barrel, down $1.61, or 1.99 percent. Both hit their lowest levels since late August.
