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Crude oil settled lower on MondayCrude oil settled lower on Monday |
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After an impressive rally seen late last week, the downward pressure resumed on Monday on concern over slow down in Chinese demand and news that Iraq's output reached a record high last month. Besides, Saudi Arabia has signaled that it would push forward with energy development work without cutting back production.
WTI closed at $30.34 (-$1.85)
Brent closed at $30.50 (-$1.68)
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