• WTI kicks off the new week on a weaker note in reaction to the dismal Chinese macro data.
• Dovish Fed-inspired USD selling bias lends support and helps limit losses for the commodity.
• The mixed fundamental backdrop warrants some caution before placing fresh directional bets.

West Texas Intermediate (WTI) US crude Oil prices attract some sellers during the Asian session on Monday and currently trade just below the $68.00 round-figure mark, down over 0.60% for the day. 

Concerns about a slowing fuel demand in the world's biggest Oil importer resurfaced after a string of poor Chinese data over the weekend, which, in turn, is seen as a key factor weighing on the black liquid. The National Bureau of Statistics data reported on Saturday that China's Retail Sales rose by 2.1% in August from a year ago, down from the 2.7% increase in the previous month and missing expectations. Adding to this, Industrial Production growth slowed from 5.1% in July to 4.5% during the reported month. Furthermore, Fixed Asset Investment rose by 3.4% for the January to August period, slower than the market forecast, and the jobless rate unexpectedly climbed to a six-month high.