Oil prices eased on Monday, with Brent holding below $80 as concern over demand in top oil importer China weighed on market sentiment.
Brent crude futures dropped 63 cents, or 0.8%, to $79.05 a barrel by 1129 GMT. U.S. West Texas Intermediate crude (WTI) futures slid 71 cents, or 0.9%, to $75.94.
Both benchmarks fell nearly 2% last Friday as investors tempered their Chinese demand growth expectations but ended the week largely unchanged after U.S. data showed that inflation was moderating despite robust retail spending.
Source: REUTER
