Oil Declines as Chinese Demand Growth Slows, Dollar Rebounds

Crude fell as China’s oil processing grew the least in 18 months after government measures to cool the economy reduced fuel consumption, and as the dollar rebounded against the euro.

Oil dropped 2.4 percent following data from China Mainland Marketing Research Co. that showed refineries in the world’s biggest energy-consuming country processed about 8.5 million barrels a day in September. That’s a 6.6 percent gain from a year earlier, the smallest increase since March 2009. A rising U.S. currency curbs the investment appeal of commodities.