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Reuters
Oil prices drop because of worries about global demand
Oil prices fell on Monday, as fears of an economic slowdown and a trade war between China and the United States had led to a reduction in growth expectations of global crude oil demand .
At around 0638 GMT, Brent traded at 58.40 dollars a barrel, down 0.2% from the previous settlement price.
West Texas Intermediate crude oil futures were $ 54.33 per barrel, down 0.3% from the previous close.
Futures on Brent and WTI fell last week. Brent lost more than 5% and the second 2%.
The trade dispute between the United States and China shook the global stock markets last week, and a sudden rise in US crude inventories put pressure on oil prices, which lost about 20 percent of their peak. 2019 recorded in April.
Source: Reuters
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