Oil prices have been fluctuating due to concerns over Chinese demand and the strengthening US dollar. Initially, oil prices held steady despite the rising US dollar and worries about Chinese demand. However, as concerns about a slowing Chinese economy persisted, oil prices began to ease. By Tuesday, oil prices had edged lower, influenced by weak economic data from China and the anticipation of a potential interest rate cut by the US Federal Reserve. Vivek Dhar from Commonwealth Bank of Australia noted that China's economic slowdown could continue to exert downward pressure on oil prices. As a result, oil prices fell over 1% in the third straight session, with global benchmark Brent hovering near a one-month low. Despite some stabilization in early Asian trade on Wednesday, the market remains cautious about the impact of weakening demand growth in China, according to Reuters.