The sell-off came as the commodity is also hit by worries about China’s economic outlook after Beijing failed to announce any new stimulus at a weekend briefing.
Hong Kong and Shanghai stocks tumbled again after traders were left disappointed by a lack of detail in a raft of measures announced last week to boost China’s economy.
However, most other Asian markets ended higher after another record close for the Dow and S&P 500 on Wall Street, with the third-quarter reporting season about to get underway.
Adding to the downward pressure on oil is concern that China would struggle to reignite the world’s second-biggest economy after a much-anticipated news conference on Saturday left investors wanting.
Key figures later in the week, including on retail sales, trade and economic growth, could provide a fresh update on the state of the country’s finances...
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