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Oil dips as demand worries outweigh tighter supply

Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers.

Brent crude (LCOc1) fell 10 cents, or 0.2%, to $42.04 a barrel by 0655 GMT, while U.S. crude (CLc1) was at $39.72 a barrel, down 11 cents, or 0.3%.

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