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Oil prices fall as global demand concerns grow

Oil fell on Monday as concerns about economic growth combined with signs of ample global supplies pressured prices, outweighing bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased.

Global benchmark Brent crude was down 57 cents at $58.85 (Sh6,061) a barrel by 0944 GMT. US West Texas Intermediate crude oil declined 39 cents to $53.39 a barrel.

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