US benchmark West Texas Halfway (WTI) for September conveyance was at $43.57, down from $43.87 on Friday in New York - its most minimal close since Walk 17.
Brent rough for September was exchanging at $48.25 subsequent to closure at $48.61 on Friday
"It's still a supply story," Jonathan Barratt, boss speculation officer at Ayers Organization together Securities, told Bloomberg News.
"There is not a considerable measure of upside for oil."
Worries around a worldwide supply overabundance were stirred on Friday when Bread cook Hughes said the quantity of US penetrating apparatuses ascended for the third straight week.
The check rose to 670, the oil-field administrations firm reported - its fifth week after week pick up in six - days after the US government reported an increment in oil creation on the planet's top buyer.
An overabundance in raw petroleum supply is seen as the primary driver for a sharp decrease in oil costs that has seen unrefined droop to very nearly 33% of its mid-2014 crests.
News of rising US creation comes as top delivering cartel OPEC has declined to cut yield, and as speculators sit tight for Iran to increase sends out after a noteworthy arrangement over its atomic program a month ago.
In return for checking its atomic exercises, Tehran will see the lifting of authorizations, which have cut its oil sends out.
Speculators foresee rough costs will stay under weight for whatever remains of the year, especially after exchange and expansion information added to worries about China's economy throughout the weekend.
"We're anticipating that oil costs not should recuperate at all in the second-half," Check Pervan, head item look into at Australia's ANZ bank, told Bloomberg.
AFP