India, March 10 -- Oil prices fell to six-month lows on Monday as worries about global economic growth and fears of a U.S. recession fueled demand concerns.
Rising output from OPEC+, and continued uncertainty about U.S. tariffs weighed as well on oil prices.
Data showing a larger than expected drop in China's exports and an unexpected sharp decline in imports, has raised concerns about the outlook for oil demand from the world's second largest economy.
Last week's data showed both consumer prices and wholesale prices dropped in China in February.
West Texas Intermediate Crude oil futures settled lower by $1.01 or about 1.5% at $66.03 a barrel, the lowest settlement since September 10, 2024.
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