Oil price fall on Monday

International benchmark tumbled on Monday (1 Feb) after the release of disappointed economic data from China which arouse a renewed wave of concern over the world largest oil consumer's slow growth. Market is also increasingly skeptical about possible talk between Russia and OPEC on cutting production output.

WTI closed at   $31.62 (-$2/b)
Brent closed at $34.24 (-$1.75/b)

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