International oil prices fell by more than 10% during trading on Monday, in conjunction with the slowdown in economic activity in China, in a sign that the Delta dynasty is putting pressure on the country with the second largest economy in the world.
Economic data revealed that China's retail sales and factory activity slowed sharply in July, at levels below analysts' expectations.
The British financial services company (CMC) said in comments reported by Reuters, that the decline in oil prices may be due to the slower recovery of the economy in China more than expected. , which is a major consumer of oil.
In today's trading, Brent crude futures for October delivery fell by 1.3% to $69.69 a barrel.
The US NYMEX crude contracts for September delivery also fell 1.3% at the level of $67.53 a barrel.
