NEW DELHI: Oil prices on Asian markets fell on Monday after a Friday survey showed weaker U.S. consumer demand and, according to Reuters, oil production in China, the world’s largest oil importer, fell in May, according to Reuters. Global benchmark Brent crude futures for August delivery fell 40 cents, or 0.5 percent, to $82.22 a barrel at 9:31 a.m. Saudi time. U.S. West Texas Intermediate crude futures for July delivery fell 36 cents to $78.09 a barrel. The more active WTI contract for August delivery fell 0.5 percent to $77.7 a barrel.
