©Reuters By Peter Nurse
Investing.com — Oil prices fell on Monday as weak Chinese factory activity data prompted the world’s largest oil importer to worry about economic growth and, in turn, crude demand.
As of 09:00 ET (13:00 GMT), futures were trading 1.8% lower at $86.35 a barrel, while the contract was down 1.3% at $92.51.
China’s official reading fell to 49.2 in October from 50.1 last month, indicating a slowdown in activity, and below the 49.8 expected.
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