Oil prices started the new week on Monday with noticeable discounts.
The main reason given on the market was weak economic data from China.
In the morning, a barrel (159 liters) of North Sea Brent cost US$ 109.58.
That was $1.97 less than Friday.
The price of a barrel of the US West Texas Intermediate (WTI) grade fell by $1.65 to $108.84.
Economic data from China was weak and weighed on sentiment on the oil market.
For some time now, the People's Republic's strict corona policy has been raising concerns that the country's economic activity could suffer significantly from the strict curfews.
This seems to be becoming more and more true: new production data from industry and sales figures from retail were clearly disappointing.
The somewhat less tense infection situation in Shanghai was referred to as a glimmer of hope on the market.
This increases the hope that the economic metropolis will soon no longer be so heavily burdened by the corona restrictions.
China is the second largest economy in the world and one of the largest energy consumers.