Oil prices fell by more than 1 percent, on Tuesday, due to data on the slowdown in the Chinese economy.
Brent crude futures fell by $1.32, or 1.5 percent, to reach $84.89 a barrel upon settlement.
US West Texas Intermediate crude also fell $1.52, or 1.8 percent, to $80.99 a barrel.
Data on industrial output and retail sales in China showed, on Tuesday, that the Chinese economy recorded a further slowdown last month, which increased pressure on a staggering growth rate and prompted the authorities to cut key interest rates to stimulate economic activity, and there are fears that China will face difficulty in achieving the growth rate. The target is five percent this year, without further fiscal stimulus measures.
Source: National Iraqi News Agency