market Overview
Oil prices fell on Tuesday, extending losses from the previous session, on concerns about demand from China, the world's largest crude importer. Disappointing economic data from China, including a contraction in manufacturing and a cut in growth forecasts, shook markets.
Emril Jamil of LSE Oil Research noted that weak domestic demand in China and potential growth in OPEC+ production led to a bearish outlook. Falling oil prices have highlighted the fragility of global energy demand, impacting gas and oil forecasts.
