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Oil lower on demand worries, rise in U.S. rig count and a stronger dollar

Crude-oil futures declined Monday, with energy demand concerns, signs of rising U.S. oil production and a stronger dollar pressuring prices, which suffered a drop last week.

Leading the losses, U.S. benchmark March West Texas Intermediate crude oil CLH9, -2.12%  fell $1.21, or 2.3%, to $51.51 a barrel on the New York Mercantile Exchange. Crude-oil futures declined Monday, with energy demand concerns, signs of rising U.S. oil production and a stronger dollar pressuring prices, which suffered a drop last week.


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