LONDON—Oil prices fell by 1 percent on Tuesday after data showed China’s imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world’s largest oil importer.
Brent crude futures were down 93 cents, or about 1.1 percent, at $84.41 a barrel at 0815 GMT. U.S. West Texas Intermediate crude was down 88 cents, or about 1.1 percent, at $81.06.
