Oil falls as investors wary of trade slowdown by expertcommodity.com

© Reuters. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai© Reuters. Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai
By www.expertcommodity.com
Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially in Asia's emerging economies.
Front-month Brent crude oil futures were trading down 39 cents, or 0.5 percent, at $77.23 a barrel at 0616 GMT.
Graphic: U.S. rig count - https://tmsnrt.rs/2OVjfgl
U.S. West Texas Intermediate (WTI) crude futures were at $67.31 a barrel, down 28 cents, or 0.4 percent, from their last settlement.
Investors remained wary after hefty losses last week, while a stronger dollar on safe-haven buying puts pressure on the purchasing power of emerging markets.

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