Oil prices fell today amid limited transactions

Oil prices fell today amid limited transactions
Oil prices fell today amid limited transactions
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Oil prices fell today, Monday, at the beginning of trading, due to the Lunar New Year holiday in East Asia, but they maintained most of the gains they made last week, supported by the possibility of an economic recovery in China, the largest oil importer, this year.

Brent crude futures fell 46 cents, or 0.5%, to $87.17, while US West Texas Intermediate crude futures fell 36 cents, also down 0.4%, to $81.28 a barrel. Last week, Brent rose 2.8%, while US crude rose 1.8%.

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