Oil prices fell in early trading on Thursday, continuing to decline for the fourth consecutive session amid fears that slowing growth in China and a potential interest rate hike in the United States will reduce fuel demand in the world's two largest economies.
Brent crude futures fell 37 cents, or 0.44 percent, to $83.08 a barrel, while U.S. West Texas Intermediate crude fell 39 cents, or 0.49 percent, to $78.99 a barrel.
A default on investment products by a major Chinese credit firm and a drop in house prices have heightened fears that China's deepening real estate crisis could wipe out what remains of the economy.
Source (Al-Arabiya.net Website, Edited)
