Oil Prices Drop Amid , Increasing Economic Concerns.<br />Reuters reports that on Oct. 24, data from China showed that the country's oil demand remained at disappointing levels in September.<br />The recent recovery in oil imports faltered in September, ANZ analysts, via Reuters.<br />China's COVID policies and curbs on fuel exports contributed to the decline. .<br />China's COVID policies and curbs on fuel exports contributed to the decline. .<br />Reuters reports that "Brent crude <br />futures for December settlement" <br />dropped 1.3% to $92.33 a barrel. .<br />"U.S. West Texas Intermediate crude for December delivery" dropped 1.7% to $83.65 a barrel.<br />Reuters reports that Brent crude rose last week even though President Biden announced the sale of <br />15 million oil barrels from the nation's reserves. .<br />Reuters reports that Brent crude rose last week even though President Biden announced the sale of <br />15 million oil barrels from the nation's reserves. .<br />Biden said his administration would work to replenish the U.S. Strategic Petroleum Reserves once oil hits $70 a barrel.<br />However, analysts said the move <br />wouldn't affect prices much.<br />Such a release is likely to have <br />only a modest influence <br />(
