LONDON—Oil prices fell on Monday, ending five straight days of gains, as investors looked to slowing economic activity in China, the world’s biggest crude importer, which revived concerns about a global recession and falling global fuel demand.
Brent crude futures for December settlement fell by as much as 1.1 percent, and was last down 77 cents, or 0.8 percent, at $97.15 a barrel by 0645 GMT.
West Texas Intermediate crude for November delivery declined by as much as 1.1 percent and was last at $92 a barrel, down 64 cents, or 0.7 percent.
Services activity in China during September contracted for the first time in four months as COVID-19 restrictions hit demand and business confidence, data showed on Saturday….