Oil prices fell on Monday on concerns about the pace of economic growth in China, the world’s largest energy consumer, and signs that global oversupply is curbing Saudi crude exports. China’s economy grew at the slowest pace in six years in the third quarter, according to official data released on Monday, making it more and more likely Beijing will cut interest rates to spur activity. Data also showed that Chinese oil demand fell slightly in September, meaning the country’s year-to-date growth is running behind the International Energy Agency’s forecast. Brent for December delivery LCOc1 was down $1.06 at $49.40 a barrel at 0809 ET. U.S. crude for November delivery CLc1 fell 83 cents to $46.43 a barrel, extending last week’s steep loss. “Chinese GDP data and the rise in the Saudi […]