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Oil prices slip on concerns over US-China trade tensions
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Oil prices declined as trade tensions and supply-glut worries dampen demand outlook.
Crude oil prices fell around 0.4% on Monday amid renewed worries over U.S.–China trade friction and an anticipated global supply glut in 2026, according to the International Energy Agency. Brent futures dropped to about US$61.05 a barrel and U.S. West Texas Intermediate futures to roughly US$57.33. The decline reverses recent gains and reflects investor concern about global growth and energy demand.