An aerial view of the Phillips 66 oil refinery in the United States.
Tayfun Coskun | Anadolu Agency | Getty Images
Global oil benchmark Brent crude fell more than $1 on Monday on expectations that US production could rise even as weaker economic data from China and the country’s widening COVID-19 restrictions weighed on demand.
Brent crude futures fell 92 cents, or 0.96%, to $94.85 a barrel. U.S. West Texas Intermediate (WTI) crude fell $1.69 to $86.21 a barrel, down 1.92%.