Following concerns about demand sparked by dismal Chinese inflation statistics and uncertainty around Beijing’s intentions for economic stimulus, oil prices dropped more than $1 per barrel on Monday, falling more than 1.5 percent in early trading.
U.S. West Texas Intermediate (WTI) oil futures were down $1.20, or 1.59 percent, at $74.36 a barrel at 0020 GMT, while Brent crude futures were down $1.26, or 1.59 percent, at $77.78 a barrel.
