oil futures fell on monday after recording their largest weekly gain in three months on friday as traders await key supply data due out later this week   west texas intermediate crude for august delivery cl00 clq24 shed 48 cents or 06 to trade at 7337 a barrel on the new york mercantile exchange   september brent crude brn00 brnu23 the global benchmark shed 43 cents or 06 to 7804 per ounce on ice futures europe   august gasoline rbq23 fell 06 to 2574 a gallon while august heating oil hoq23 fell 06 at 2545 a gallon oil prices retreated on monday after seeing their best weekly gain since april while rising for a second week in a row traders were looking ahead to supply data and economic data that could impact prices this week “the oil market had a strong end to the week following the extension of saudi voluntary cuts earlier in the week for this week markets will be focused on us cpi data on wednesday whilst specifically for the oil market we have the iea and opec oil market reports released later in the week” a team of analysts at ing said