Mubasher: Oil prices fell on Tuesday as negative data reflected investors' concerns about weak demand for crude in China.

At 10:00GMT, Brent crude dropped 1.2% to $29.2 a barrel, while the U.S. light crude declined to $28.9.

China's rail freight volume dropped 11.9% in 2015 from a year earlier to 3.36 billion tonnes, compared with a decline of 3.9% in 2014.