MELBOURNE crude futures fell 25 cents, or 0.4per cent, to US$67.29 a barrel by 0151 GMT, while Brent crude futures dropped 22 cents, or 0.3per cent, to US$70.85.
Last week's losses were driven by fears that the spread of the highly contagious Delta variant of the coronavirus in Asia would slow the region's economic recovery. API data showed crude inventories fell 1.6 million barrels for the week ended Aug. 20, while gasoline stockpiles fell 1 million barrels, according to sources, who spoke on condition of anonymity.
Official data from the U.S. Energy Information Administration is due to be released on Wednesday at 1430 GMT.
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