Oil slips on China growth worries as EU weighs Russian crude ban

LONDON, May 2 (Reuters): Oil prices fell on Monday as concerns about weak economic growth in China, the world's top oil importer, outweighed fears of potential supply stress from a potential European Union ban on Russian crude.

Brent crude futures fell 71 cents, or 0.6%, to US$106.43 a barrel at 0801 GMT, while US West Texas Intermediate (WTI) crude futures fell 70 cents, or 0.6%, to US$103.99 a barrel. Markets in Japan, India and across Southeast Asia were closed for public holidays on Monday.