Oil prices fell today over 1% for the second day in a row as poor Chinese economic data gave pause to the recent rally. Weighing on sentiment, China’s industrial output and retail sales data showed the economy slowed further last month, intensifying pressure on already faltering growth and prompting authorities to cut key policy rates to bolster economic activity. Chinas central bank lowered interest rates marginally but that didn’t seem to be enough to change price direction. When the oil market appears to be comfortable, it is often the case that China is the number one fire douser, throwing a wet blanket over those dreaming of prices north of $90, said John Evans of oil broker PVM. WTI traded down $1.52 or -1.8% to close at $80.99. Brent traded down $1.32 or -1.5% to close at $84.89.