Before the Fed and ECB raise rates, oil prices go down.

Oil prices fell on Monday due to traders expecting additional rate hike hints from US and European central banks.

Tightening supply and Chinese stimulus support Brent at $80 a barrel.

Brent crude futures fell 31 cents to $80.76 and WTI crude fell 33 cents to $76.74. OPEC+ cutbacks constrain supply, and the benchmarks increased 1.5% and 2.2% last week.

Investors expect Fed Chair Jerome Powell and ECB President Christine Lagarde to discuss future rate hikes.

Rising interest rates have slowed investments and boosted the dollar, making dollar-denominated commodities more expensive for foreign currency holders.