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Oil falls back below $50 as economic concerns rise

June 13, 2016

Via: CNBC

Oil prices fell in early trading on Monday, pulled down by rising economic concerns in Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.

International Brent crude oil futures fell back below $50 per barrel, trading at $49.89 at 0127 GMT, down 65 cents, or 1.29 percent, from their last settlement.

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