World oil prices are declining under China's industrial production data.

Oil production.

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Moscow, November 15th - Gold On Tuesday morning, due to doubts about the outlook for Chinese crude oil demand, global oil prices eased slightly, as trading data and analyst comments showed.

Petroleum rocker arm Oil prices fell after the OPEC report was released As of MSK 7.46, Brent crude oil futures for January fell 0.29% to $92.87 per barrel, while WTI futures for December fell 0.59% to $85.36.

The data from China will only support the view that as long as strict control policies are implemented on Coved, the country's oil demand will continue to be under pressure, "Vandana Hari, founder of Vanda Insights, told Bloomberg.

According to published data, the annual growth rate of industrial production in China in October was 5%, but lower than the expected growth rate of 5.2%.

China is one of the world's largest oil importers and consumers, and this statistical data reflects the demand prospects for black gold.

Investors also continued to evaluate the OPEC monthly report released the previous day. The organization has lowered its forecast for global oil demand growth this year by 100000 barrels per day to 2.5 million barrels per day.