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BENGALURU, Oct 24 - Oil prices fell on Tuesday for the third straight session, after a flurry of slow economic data from Germany, the euro zone and Britain weighed on the outlook for energy demand.
Euro zone business activity data took a surprise downward turn this month, suggesting the bloc may slip into recession. "There is definitely a dialogue on about the global economy being worse this week than it was last week," said Mizuho analyst Robert Yawger."It does not help that a lot of the top bankers and financial experts are in Saudi Arabia today talking about how bad the economy is," he added, referring to the Future Investment Initiative event dubbed "Davos in the Desert".
The International Energy Agency said it expected fossil fuel demand to peak by 2030 based on governments' current policies.
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