SINGAPORE: Oil prices fell in Asia on Monday, giving up some of last week’s sharp gains as concerns about a global supply glut weighed on prices ahead of fresh US stocks data.
US benchmark West Texas Intermediate (WTI) for delivery in February was down 34 cents at $37.76 and Brent crude for February was trading 12 cents lower at $37.77 a barrel at around 6:35 a.m., local time.
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