Oil prices fell in early Asian trade on Monday, with markets expecting gloomy Chinese economic data to be published this week. In Europe, the main event of the week will be Thursday’s meeting of the European Central Bank (ECB), which is considered almost certain to see the launch of a government bond-buying campaign, pointing to further euro falls against the dollar as well as to downward pressure on oil prices. “Commodity markets to be driven by currency markets and expectations of ECB quantitative easing this week,” ANZ bank said in a note on Monday.