13-06-2016 08:57 via news.yahoo.com

Oil prices fall as economic concerns rise

Oil prices fell on Monday, weighed down by Asia's darkening economic prospects and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive. "A strong dollar is helping bring prices down as well as fairly weak data from Asia," said Matt Stanley of brokerage Freight Investor Services (FIS) in Dubai. The dollar has recovered 1.2 percent from June lows against a basket of currencies, pushed by the prospect of a potential hike in U.S. i
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