Oil prices fell on Tuesday, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer,

Oil prices were rising on Monday morning, regaining some of last week’s 8% decline after China lowered its benchmark lending rates, part of a series of stimulus measures to revive the flagging economy for the world’s top oil importer.

Oil Prices Slide in Asian Trade Oil prices experienced a downturn in Asian markets on Tuesday as a recent rebound lost momentum. Concerns regarding slowing demand in China, a major oil consumer, continue to