25-07-2016 12:27 via uk.news.yahoo.com

Oil prices slide on oversupply, economic headwinds

By Ahmad Ghaddar LONDON (Reuters) - Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. "The potential for larger-than-normal stock builds is growing," Morgan Stanley said in a note. "With the market increasingly trading on DOE (U.S. Department of Energy) stats, this could be a catalyst for additional downside," the bank said.
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