Oil extends fall as China's economic reforms underwhelm investors

OIL prices fell for a second day on Tuesday as pledges by China to transform its economy amid stuttering growth since the COVID pandemic failed to impress investors concerned about slower consumption.

Brent futures for May was down 32 cents, or 0.4%, to $82.48 a barrel by 0757 GMT, while U.S. West Texas Intermediate (WTI) fell 41 cents, or 0.5%, to $78.33. Brent was on track to fall for the fifth straight session on Tuesday.