Oil prices fell more than 3% on Monday on worries a swathe of coronavirus lockdowns across Europe will weaken fuel demand, while traders braced for turbulence during the US presidential election week. Brent crude for January was at $36.78 a barrel, down $1.16, or 3.1%, by 0229 GMT, while US West Texas Intermediate fell $1.24, or 3.5%, to $34.55 a barrel. Brent fell as much as 5.8% and WTI as much as 6% in early trade, hitting their lowest levels since May. Countries across Europe have reimposed lockdown measures aimed at slowing COVID-19 infection rates which have accelerated in the continent in the past month. “The lockdown measures announced by UK and by Italy are just adding to the deteriorating European situation,” Michael McCarthy, chief market strategist at CMC Markets in Sydney said. “A lot of traders are now looking at the US and their rising infection rates and wondering if Europe is providing the model for what will happen in the US in the coming weeks.” Oil pared some losses after Japan’s export orders grew for the first time in two years, China’s factory activity accelerated at the fastest pace in nearly a decade in October. More manufacturing data is expected from the eurozone and the United States. Still, concerns about weakening demand and rising supplies from OPEC and the United States caused oil prices to fall for a second straight month in October, with WTI falling 11% and Brent 8.5%.