Oil prices fell today after trading up earlier in the session. Both benchmarks had gained about 1.5% early in Monday trade, with Brent prices touching their highest since early November after a fuel tanker was hit by a missile in the Red Sea and U.S. troops were attacked in Jordan near the Syrian border. The deepening real estate crisis in China is a blow to investor confidence in the top oil importer’s economy, with earlier data showing slower than expected activity. “The situation in China is the biggest headwind to the whole market, that is why the market keeps backing off from the war risk premium,” said John Kilduff, partner at Again Capital LLC. WTI traded down $1.23 or -1.6% to close at $76.78. Brent traded down $1.15 or -1.4% to close at $82.40.