Oil prices hold near two-week low as weak China data adds to demand concerns

Brent crude oil futures rose by 12 cents, or 0.2%, to $77.20 per barrel by 0220 GMT. Brent settled on Monday at its lowest since Jan. 9, while WTI hit its lowest since Jan. 2. China, the world's largest importer of crude oil, reported an unexpected contraction in manufacturing activity in January on Monday, adding fresh concerns over global crude demand growth.