Oil prices fall back below $50 as economic concerns rise
International Brent crude oil futures fell back below USD 50 per barrel,trading at USD 49.89 at 0127 GMT, down 65 cents, or 1.29 percent, from their last settlement.
Oil prices fell in early trading on Monday, pulled down by rising economic concerns in Asia and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies more expensive.
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