Oil prices fell on Tuesday, paring the previous day as slow demand in China continued to weigh on the market.

Brent crude futures for December delivery were down 26 cents, or 0.3%, at $74.03 a barrel. US West Texas Intermediate crude futures for November delivery were 2 cents lower at $70.54 a barrel on the contracts last day as the front month.

The more actively traded WTI futures for December, which will soon become the front month, lost 23 cents, or 0.3%, to $69.81 per barrel.

Both Brent and WTI settled nearly 2% higher on Monday, recouping some of last weeks more than 7% decline.

Source: Qatar News Agency