Oil prices were moving lower on Monday as weak China data pointed to further loss of momentum in the world's second-largest economy.
Benchmark Brent crude futures fell 0.7 percent to $93.11 a barrel, while WTI crude futures were down 0.8 percent at $87.31.
The downside was capped amid signs that output at the top U.S. shale field is losing steam.
China's factory and services activity both contracted in October as worsening COVID-19 outbreaks created more disruptions for businesses and residents.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.