Oil Falls on China Growth Uncertainties

Oil Falls on China Growth Uncertainties
A worker pumps petrol for a customer at a petrol station in Barcelona, Spain, on Feb. 4, 2022. Nacho Doce/Reuters
Reuters
Updated:

LONDON—Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States.

Brent crude fell 17 cents, or 0.2 percent, to $76.44 a barrel by 0944 GMT while U.S. West Texas Intermediate (WTI) crude lost 31 cents, or 0.4 percent, to $71.47.