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International benchmarks for crude oil extended the weakening trend on Monday, 16 August 2021, marking the third straight falling session after the report showed slowing Chinese economic activities as a result of the bad weather and the flare-up of COVID-19 cases. 

Brent plunged $2.21 or 3.1% to $68.38/barrel.

WTI dived $2.42 or 3.5% to settle at $66.02/barrel.