On Monday, oil prices continued the losses they suffered last week due to concerns about the slowdown in demand in China.
By 01:29 GMT, Brent crude futures fell 48 cents, or 0.6 percent, to $81.60 per barrel, while US West Texas Intermediate crude fell 50 cents, or 0.6 percent, to $77.51.
Both crude oils fell last week, with Brent falling 1.8 percent and West Texas Intermediate crude falling 2.5 percent.
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