Oil dips near 2-month lows as supply concerns ease

Oil dips near 2-month lows as supply concerns ease

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Oil prices hovered near two-month lows on Monday as supply fears receded while concerns over China’s fuel demand and rising interest rates weighed on prices. Brent crude futures for January had slipped 28 cents, or 0.3 per cent, to $87.34 a barrel by 0103 GMT after settling at their lowest since…

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