Oil prices slip on potential Libyan output resumption

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Oil prices fell on Monday, weakened by the possible resumption of Libyan production and as rising coronavirus cases stoked worries about global demand, although the market drew support as a tropical storm threatened to disrupt output in the U.S. Gulf of Mexico.

Brent crude LCOc1 was down 78 cents at $42.37 a barrel by 0909 GMT, set for its biggest daily drop in two weeks. U.S. crude CLc1 fell 84 cents to $40.27 a barrel.

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