Brent crude was down 29 cents at $84.17 a barrel by 1014 GMT, while the more active U.S. West Texas Intermediate October contract slipped 22 cents to $79.90
The front-month WTI contract that expires shortly was down 4 cents at $80.68 a barrel on a very limited volume of trades.
“China’s economic weakness ... will create a ceiling for them this year, especially as Beijing appears committed to avoiding large-scale fiscal stimulus,” Eurasia Group said in a note. An easing of supply may be on the cards. Iraq’s oil minister was expected to discuss a possible resumption of oil exports with his Turkish counterpart, a source told Reuters on Monday.
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