Oil fell on Monday as concerns about economic growth combined with signs of ample global supplies pressured prices, outweighing bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased.
Global benchmark Brent crude was down 57 cents at $58.85 (Sh6,061) a barrel by 0944 GMT. US West Texas Intermediate crude oil declined 39 cents to $53.39 a barrel.