Oil prices fell on Monday on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.
Brent crude oil futures slid by 76 cents, or 1%, to $74.65 a barrel by 0455 GMT while U.S. West Texas Intermediate crude futures dropped 69 cents, or 0.9%, to $73.26 a barrel after slipping to a session low of $72.87.
"The crude demand outlook is on shaky ground and that probably will not improve until global vaccinations improve."
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