Oil prices fell during trading on Tuesday, the twenty-second of October, amid the follow-up of the latest developments in the Middle East, as US Secretary of State Antony Blinken renews his efforts for a ceasefire and amid the continued slowdown in demand in China in pressure on the market, as investors follow the data from China closely, amid fears of slowing demand for crude, and the second-largest economy in the world cut the interest rate on lending 25 basis points on Monday.
The move came after China released its third-quarter economic growth data, which showed slowest growth since the start of 2023.
