Oil prices fell more than 4% on Tuesday after China’s exports dropped for a sixth straight month, underscoring a slowdown in global demand.

West Texas Intermediate settled 4.3% lower at $77.37 per barrel. Brent crude futures also tanked 4.19% to $81.61 per barrel.

The slide came amid data out of China which showed exports fell 6.4% year over year in October, while imports rose 3%. China is the world’s largest oil consumer.

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