Oil prices fell during Monday's trading, amid concerns about the speed of China's economic recovery from the Corona virus pandemic, and production levels from OPEC.
Economic data revealed that industrial activity in China grew at the slowest pace in 17 months in July, as the manufacturing PMI recorded 50.4 points, compared to 50.9 points in the previous June. him.
Forex trading firm Oanda said China is leading the economic recovery in Asia and in the event of a rebound, concerns will increase about a deteriorating global outlook, according to Reuters.
While the agency's survey showed that OPEC production rose in July to the highest level since April last year.
In today's trading, Brent crude futures for October delivery fell by 1.3% to $74.47 a barrel.
The US NYMEX crude contracts for September delivery also fell 1.3% at the level of $73.12 a barrel.
