Oil prices fall on China demand worries

Brent futures fell 12 cents, or 0.2%, to $81.96 a barrel as at 07.23 GMT, while US West Texas Intermediate (WTI) dropped 21 cents, or 0.2%, to $77.8. Both benchmarks fell last week, with Brent down 1.8% and WTI 2.5% lower on bearish Chinese data which pointed at softer demand in world's no. 1 crude importer.