ICE October Brent futures settled 46 cents lower at $96.65/barrel, a front-month close not seen since June 2012, as weaker-than-expected Chinese economic data stoked concerns about the global economy and sluggish oil demand growth. NYMEX October crude futures closed 65 cents higher at $92.92/b. In refined products action, NYMEX October ULSD was essentially flat, up 9 points at $2.7396/gal, while NYMEX October RBOB settled 1.20 cents higher at $2.5308/gal. It was the second trading session in a row that the front-month ICE Brent futures contract settled at a multi-year low. On Friday, ICE October Brent set its own record-low close since June 2012. The last time front-month ICE Brent settled lower than Monday’s close was on June 28, 2012, when it closed at $91.36/b. News of slowing Chinese industrial production pushed down prices even further Monday, with an intraday low of $96.10/b posted. […]