Oil prices retreated for the third consecutive session on Monday, weighed by weak Chinese data amid continuous signs of a slowdown in China`s industrial sector in China.
The poor Chinese HSBC Manufacturing PMI was the main reason behind the downside pressure on oil prices, given China the second-largest energy consumer in the world.
Oil prices are still moving sideways around $80-$82 a barrel due to the continued weak demand and rising supply levels.
Crude prices are expected to consolidate ahead of the Organization of Petroleum Exporting Countries (OPEC) meeting on November 27 i n the Austrian capital Vienna, where OPEC members will announce whether to keep or raise the ceiling for oil production .