LONDON—Oil prices slid 2 percent on Monday after Chinese data showed that demand from the world’s largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption.
Brent crude futures for December settlement fell $1.67, or 1.8 percent, to $91.83 a barrel by 0855 GMT after rising 2 percent last week. U.S. West Texas Intermediate crude for December delivery was at $83.27 a barrel, down $1.78, or 2.1 percent.
Although higher than in August, China’s September crude imports of 9.79 million barrels per day were 2 percent below a year earlier, customs data showed on Monday, as independent refiners curbed throughput amid thin margins and lacklustre demand….