Oil is cheaper after data from China

The price of oil fell on the first day of the new week after a slowdown in the production of refinery activity in China. This has raised serious concerns about the recovery of world demand for "black gold."
The Brent with delivery in the next month is traded at $52 a barrel, or with a 10-cent lower than its last closing levels at the end of last week.
US crude oil traded down by 0.1 percent down to $48.78 a barrel.
Chinese refineries produced 0.4% more oil in July, compared with last year at a level of 45.5 million. Or, the processing was 10.71 million barrels per day, according to China's national statistics.
This is the smallest production on a daily basis since September.