Oil prices slipped on Monday amid concerns about a stalled global economic recovery and falling fuel demand, as Libya signalled it would end its months-long blockade and resume output, adding yet more supply to the market.
Brent crude (LCOc1) was down 33 cents, or 0.8%, at $39.50 a barrel while U.S. West Texas Intermediate (WTI) crude futures (CLc1) were down 34 cents, or 0.9%, at $36.99 a barrel by 0955 GMT.
Both contracts ended last week lower, falling for a second week in a row.
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