Oil prices ease as market awaits China data to gauge demand

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Deja Bù: Mark reconnects with Jessica Harnois, founder Bù Wines | SaltWireTOKYO - Oil prices eased on Tuesday, giving up most of the gains from the previous day, on concerns over weak demand in China, with investors focusing on trade data due later in the day to gauge demand from the world's second-largest oil consumer.

Both benchmarks gained about 30 cents on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year. China will release its import and export figures for October on Tuesday at 0300 GMT, while bank lending, credit and key consumer price inflation data is due on Thursday.

Prime Minister Benjamin Netanyahu said Israel would consider"tactical little pauses" in Gaza fighting to facilitate the entry of aid or the exit of hostages, but again rejected calls for a general ceasefire despite growing international pressure.

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