Oil tried to recover in the Middle Pruning Growth Rate of China

Oil prices reduce losses in the Asian trading session on Monday, but still traded lower on worries about demand and amid persistent fears over the volatility in the Chinese market after the largest consumer in Asia slashed its growth rate.

On the New York Mercantile Exchange, WTI oil for October contract traded at $ 45.60 a barrel, down 42 cents at 13:25 pm. Meanwhile Brent oil on the London stock exchange fell by 51 cents to $ 49.10. WTI and Brent oil rebounded after falling 1.6% in the previous session.

Global oil prices varied ended last week, with WTI oil rose about 1.8% while Brent oil fell by 0.9%.