Crude oil prices ended the week mixed cumulatively amid surging Covid-19 caseloads.
Brent oil futures prices lost 0.2 to trade at $42.35 and West Texas Intermediate (WTI ) fell 0.27% to trade at $40.09.
Crude oil prices drifted lower at the first trading session of the week.
West Texas Intermediate crude lost over 4% on Friday to settle at $37.01 a barrel on the New York Mercantile Exchange.
Oil traders are concerned about the blurred demand outlook in the short term.
Crude prices printed their third weekly loss in four at the end of its most recent trading session.
Brent crude (LCOc1) was up 0.41% to trade at $42.11 a barrel by 0706am GMT.
Brent lost 6.6% for the week, adding to the previous week’s drop of 5.3%.
Brent crude futures were down by 0.65% trading at $39.52 falling below $40 a barrel.
Saudi's made the biggest price cuts on its crude grades since May as demand recovery for fuel hopes faded.