Investing.com - Oil futures extended losses on Monday after sharp falls on Friday as weak Asian economic data rekindled fears about the global economy.
U.S. crude futures lost the $49 mark and were down 59 cents, or 1.20%, at $48.48 at 06:45 ET. Brent crude lost 0.97% to $50.05.
China fixed-asset investment growth cooled to 9.6% in the first five months of the year, while Japanese business sentiment weakened further in the second quarter.
The recovery of the dollar from lows hit earlier this month also weighed on oil prices.