BEIJING: Oil prices fell on Monday, erasing gains from Friday as renewed concerns over waning demand in the US and China, coupled with mixed signals from the Federal Reserve, dented market sentiment, according to Reuters.
Brent crude futures for January were down 61 cents, or 0.75 percent, at $80.82 a barrel at 11.00 a.m. Saudi time, while the US West Texas Intermediate crude futures for December were at $76.56, down 61 cents, or 0.79 percent.
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