OIL-barrel round of 66 DLRS, weak demand in focus

The oil was around $ 66 a barrel on Monday after last week losing 8.4 percent, with investors watching for high inventories and weak demand.

U.S. crude traded at $ 66.02 a barrel by 1146 GMT, after climbing to $ 66.66. The contract closed Friday up 13 cents to $ 66.02. London Brent crude lost 0.06 cents to $ 65.05.

Oil prices posted their biggest weekly decline in about 2-3 months last week, pressured by U.S. government data showing crude stocks rose, suggesting that demand is still weak.

Orders for U.S. durable goods fell the most in seven months, as increased sales of new homes was less than expected, according to Commerce Department data from the U.S. on Friday.