Brent oil was down during early trading on Monday with the growing coronavirus outbreak pressuring demand and threatening global growth while supply risks from Libya continue. 

Brent was trading at $57.02 per barrel at 06.50 GMT on Monday, while American West Texas Intermediate (WTI) was at $52.12 at the same time.

On Friday, Brent closed at $58.30 while WTI saw prices of $53.38 per barrel.

Last week, Brent climbed to as high as $60 per barrel on Thursday, while WTI soared to as much as $54.50 a barrel, to both mark their highest levels since Jan. 29, according to

Read more: Oil prices down with virus rebound and Libya risks