Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the previous session, amid worries over a global oil glut.

London Brent crude for September delivery was down 4 cents at $45.65 a barrel by 2243 GMT on Sunday, after settling down 51 cents on Friday. The benchmark contract on Friday hit $45.17, the lowest since May 11

U.S. crude futures and options positions to a four-month low in the week to July 19, the U.S. Commodity Futures Trading CU.S. crude futures and options positions to a four-month low in the week to July 19, the U.S. Commodity Futures Trading Commission said on Friday.

On the New York Mercantile Exchange, crude oil for delivery in September edged down 0.11% to $44.14 a barrel. On the ICE Futures Exchange in London, Brent oil for September delivery fell 0.11% to $46.06 a barrel.

Last week, oil futures ended Friday’s session at the lowest level in nearly three months, as concerns over a global supply glut intensified after data showed that the U.S. oil rig count rose for the fourth week in a row last week.

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