Oil prices fell on Tuesday on fears of a slowdown in the Chinese economy, which is weighing on demand. However, the growing consensus that the Federal Reserve will start cutting interest rates in September limited the decline.
Brent crude futures fell nine cents, or 0.1 percent, to $84.76 a barrel. U.S. West Texas Intermediate crude fell 13 cents, or 0.2 percent, to $81.78.
China's economy grew much slower than expected in the second quarter, weighed down by protracted real estate contraction and job insecurity.
Source (Al Arabiya.net Website, Edited)
