Oil prices fell on Monday to continue heavy losses last week as traders feared the global economic slowdown could affect future oil demand growth as they pinned hopes of talks this week on ending the US-China trade war.

Brent crude was down 24 cents at $ 58.13 a barrel by 0147 GMT, while US West Texas Intermediate (WTI) crude was down 12 cents at $ 52.69 a barrel.

Finally, Crude contracts fell more than 5 percent at the end of last week's trading.

Source: Asharqia Chamber

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