The North Sea crude, a benchmark in Europe, ended the session on the Intercontinental Exchange priced 70 cents below the $64.79 it closed at on Friday.
After Monday’s holiday, which saw no trading, Brent continued its downward trend.
This movement is attributed to the potential for oversupply should producers increase their output, analysts suggest.
Market operators will focus on the meeting next Saturday of the members of the Organization of the Petroleum Exporting Countries (OPEC) along with allies, known as OPEC+, where the increase in production in July will be discussed.
