Oil prices dip on ongoing oversupply, economic headwinds

July 25, 2016 4:41 AM

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Oil prices dip on ongoing oversupply, economic headwinds

SINGAPORE/TOKYO Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come.

International Brent crude oil futures were trading at $45.59 per barrel at 0424 GMT, down 10 cents from their previous close. U.S. West Texas Intermediate (WTI) crude was at $44.09, also down 10 cents a barrel.

Also read: Oil prices hold gains after surge on OPEC output deal

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