Oil prices fell this Monday, October 14, 2024 after data showed that the inflation rate in China fell and a lack of clarity about the country's economic recovery plans fuelled fears about fuel demand in the world's largest crude importer.

Brent crude oil futures fell 86 cents, or 1.1%, to $78.18 per barrel at 05:23 GMT, while American West Texas Intermediate crude oil futures fell 83 cents, also 1.2%, to $74.73 per barrel.

The two benchmarks lost their gains of last week, losing more than $1 per barrel on Monday, before regaining ground. Brent gained 99 cents last week, while WTI rose $1.18

Negative news from China has overshadowed market concerns about the continuing possibility that an Israeli response to the Iranian missile attack on October 1 could disrupt oil production, although the United States has warned Israel against targeting infrastructure. Iranian energies.