13-06-2016 11:35 via uk.news.yahoo.com

Oil prices under pressure from rising economic concerns

By Libby George LONDON (Reuters) - Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive. The softening comes a week after crude prices hit 2016 highs on the back of a quicker-than-expected rebalancing in physical oil markets. The dollar has risen 1.2 percent from June lows against a basket of currencies , lifted by the prospect of a poten
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