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Saudi cuts announced last weekend failed to overcome energy demand headwinds.

Oil's three-day rally ended as policymakers made clear they would continue tightening economic reins in the fight against inflation, reigniting fears of a global slowdown.

Oil fell amid pressure from a stronger dollar, with traders largely ignoring a US stockpile report that signaled tighter markets.

Oil dropped with concerns over weak economic data outweighing a crude-stockpile draw that continues to signal a tight market.

Oil slumped as poor manufacturing figures across the globe fueled concerns that an economic slowdown may sap demand for crude.

Fears of a global economic slowdown pushed oil prices lower, outweighing news that the Biden administration will start buying crude to replenish strategic reserves.

Oil posted a weekly loss with softer European economic data and signals of US fuel demand stalling souring the market's outlook.

Oil fell as China issued more lockdowns, raising fresh concerns about demand slowing in the world's biggest crude importer.

Oil shed its gains after a bullish crude inventory report was tempered by an unseasonal slowdown in gasoline demand.