Oil prices continued their decline from last week, driven by worries that new COVID-19 cases are negatively affecting the world's biggest economies while threatening fuel demand.
International benchmark Brent crude traded at $69.56 at 0609 GMT on Monday, posting a 1.46% fall from Friday when trade closed at $70.59 per barrel.
American benchmark West Texas Intermediate (WTI) traded at $67.16 at the same time on Monday, decreasing by 1.54% relative to $68.21 a barrel on Friday.
Data showed that factory output and retail sales growth in China slowed sharply in July.
Concern over the global fuel demand recovery from restrictive measures to combat the rising number of COVID-19 cases, especially in Asian countries, is continuing to push prices lower.
Globally, as of Aug. 13, 205,338,159 confirmed cases of COVID-19 with 662,383 new cases have been reported, according to data from the World Health Organization.
The US Energy Information Administration revised down global crude oil prices for 2021 and 2022 last week.
Price gains were curtailed when the statistics agency cited concerns over future demand at the same time that OPEC+ producers are expected to pump more oil. Forecasts of an acceleration in US tight oil production also contributed to drag prices down.
By Zeynep Beyza Kilic