Oil prices fell on Tuesday touching a four-month low as a rout in Chinese stock markets added to the already bearish investor sentiment. China’s shares fell for a third straight day on Tuesday in a second wave of heavy selling this month. The selloff is seen as a symptom of a wider economic malaise which could depress demand from the world’s second biggest consumers of crude oil. “Supply excess and disappointing Chinese demand are the common denominators that have pulled the price rug from underneath oil prices,” said David Hufton of PVM brokerage. Brent crude, the global oil benchmark, fell 1.4% to $52.73 a barrel in midmorning trading on London’s ICE Futures exchange, having touched $52.28 a barrel earlier in the session, its lowest level since mid-March. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.9% at $46.98 a barrel. Oil prices rallied earlier […]