Singapore: Oil prices fell in early trading on Monday after China and South Korea posted weak economic data.
Dollar has risen after the Bank of Japan (BoJ) on Friday introduced negative interest rates on excess bank reserves.
Oil light (light sweet Crude Oil) price declined to 49 cents pb to $33.13.
Front-month Brent crude LCOc1 was down 79 cents at $35.20 per barrel at 0716 GMT, while U.S. West Texas Intermediate CLc1 was down 70 cents at $32.92 a barrel.
Oil prices have fallen since 2014, influencing by pressure of over supply by exporters as US, the Organization of the Petroleum Exporting Countries (OPEC) and Russia.
Oil prices recorded a further decline since the end of 2015.
QNA
