Oil prices turned lower on Monday as investors mulled over a possible May interest rate hike by the U.S. Federal Reserve, which could dampen economic recovery hopes, though Chinese GDP data was expected to augur well for demand growth.
Brent crude futures were down 30 cents or 0.3% at $86.01 a barrel at 11415 GMT, while U.S. West Texas Intermediate crude was at $82.18 a barrel, down 34 cents or 0.4%.
Both contracts notched their fourth weekly gain in a row last week, the longest such streak since mid-2022.
