U.S. crude oil falls below $76 per barrel, lowest level since early June

China’s economy is weighing on the oil market.

Israel is expected to retaliate against the Iran-backed militia Hezbollah, after a rocket fired from Lebanon killed 12 children.

U.S. crude oil futures on Tuesday fell to the lowest levels since early June as worries about China's economy overshadow a new round of"Macroeconomic considerations keep shaping investors' sentiment and oil slid through technical supports like hot knife through butter," Tamas Varga, analyst with oil broker PVM, wrote in a Tuesday note.

"Chinese economic turmoil, including sluggish growth and falling crude oil imports, is still a major driving force for our market," Varga said.In the Middle East, meanwhile, Israel is expected to retaliate against the Iran-backed militia Hezbollah, after a rocket fired from Lebanon killed 12 children in the Israeli-occupied Golan Heights.

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