Worsened by fears of an economic slowdown in China due to strict health restrictions still in place, oil prices are sinking at the start of the week.

Around 10:30 GMT (11:30 CET), the barrel of Brent from the North Sea for delivery in December, which is the last trading day, fell from 1.48% to 94.35 dollars. A barrel of American West Texas Intermediate (WTI) for delivery in the same month lost 1.60% to 86.49 dollars.

The rise in the greenback also weighed on the crude, which is traded in dollars. Its strength weighs on the purchasing power of investors using foreign currencies, and therefore on demand.

However, the two oil references are on track to register monthly gains, with Brent gaining around 8% and WTI 10% in October.