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Demand for fuel fell after the Corona virus pandemic prompted governments to impose restrictions on movement, and companies closed their doors..
Oil has risen in recent days as activity resumed, but prices fell after China said on Friday it would not issue a target for annual growth for the first time.
Beijing has also pledged more government spending, as the pandemic still affects the economy.
Brent crude futures fell 93 cents, or 2.6 percent, to be settled at $ 35.13 a barrel. US West Texas Intermediate crude closed down 67 cents, or two percent, at $ 33.25 a barrel.
On a weekly basis, Brent and West Texas Intermediate, 8 percent and 13 percent respectively.
In a sign of a glut in a tightening, US crude stocks fell last week.
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Demand for fuel fell after the Corona virus pandemic prompted governments to impose restrictions on movement, and companies closed their doors..
Oil has risen in recent days as activity resumed, but prices fell after China said on Friday it would not issue a target for annual growth for the first time.
Beijing has also pledged more government spending, as the pandemic still affects the economy.
Brent crude futures fell 93 cents, or 2.6 percent, to be settled at $ 35.13 a barrel. US West Texas Intermediate crude closed down 67 cents, or two percent, at $ 33.25 a barrel.
On a weekly basis, Brent and West Texas Intermediate, 8 percent and 13 percent respectively.
In a sign of a glut in a tightening, US crude stocks fell last week.
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