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Oil prices slip amid fear over global economic slowdown

Brent crude futures edged down 24 cents to $58.13 a barrel while U.S. West Texas Intermediate  crude was  down 12 cents. 

Both contracts ended last week with a more-than-5% decline after dismal manufacturing data from the United States and China, as the lingering row between the world’s top economies hurts global growth and raises the risk of recession.
 

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