Oil Falls After Saudis Cut Prices,China Slows Imports

摘要

Oil prices fell Monday as Saudi Arabia made its deepest monthly price cuts to supply for Asia in five months and uncertainty over Chinese demand clouds the market’s recovery.Brent crude was trading at $41.91 per barrel,down 75￠ or 1.8%,by 1:50 p.m.GMT,after earlier sliding to $41.51,its lowest since Jul.30.West Texas Intermediate US crude fell 77￠,or 1.9%,to $39/bbl after hitting $38.55,its lowest since Jul.10.