Oil prices fell on Monday on worries about slowing demand in China, the world’s biggest oil importer.
Brent crude futures were down 13 cents, or 0.2%, at $79.55. U.S. for America West Texas Intermediate crude futures were down 0.2%, or 13 cents, at $76.52 a barrel.
The country’s industrial production fell and unemployment rose. That has added to traders’ concerns about falling demand from China, where refiners last month sharply cut rates for processing crude due to sluggish demand for the fuel.
