Reported about 10 hours ago
On Monday, oil prices fell significantly, erasing nearly all the gains from the previous week due to declining inflation rates in China, raising worries about fuel demand from the world's largest crude importer. Brent crude futures dropped by $1 to $78.04 per barrel, while U.S. West Texas Intermediate crude fell 1.3% to $74.56 per barrel, as uncertainty surrounding China's economic stimulus measures contributed to a bleak outlook for consumption.
Source: YAHOO