WTI crude fell more than 1% to around $67 a barrel on Monday, declining for the third straight session, after reports that economic activity in China slowed and missed market consensus. Official data showed factory output and retail sales growth in the country eased sharply in July, amid the rapid spread of the Delta strain of coronavirus and natural disasters. Traders were also downbeat after news that China’s crude oil processing decreased to the lowest on a daily basis since May 2020 in July, as independent refiners cut production amid tighter quotas, elevated inventories, and falling profits. On top of that, the EIA on Thursday warned that growing demand for crude may halt in July and is set to rise at a slower pace over the rest of 2021 due to a resurgence of virus cases globally.