In a wider picture, the market remains supported by trade-related optimism. By the way, Trump reiterated on Sunday that the two countries are ready to sign a phase one deal. This driver should cap the downside pressure in the market now. Apart from technical factors, the selling pressure came from Baker Hughes report which showed that the drilling activity in the Unites States increased by 18 oil rigs last week.
In the near term, Brent could continue to consolidate around the $65 handle, a break below which will shift market focus to the 100-DMA which serves as a marginally above the $64 figure. Should pressure persist, this level will likely cap the decline. On the upside, the immediate meaningful resistance now comes around $65.80.