OIL PRICE: NEAR $62 YET
REUTERS - Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world's largest oil producer, picked up and financial markets were pulled down by trade concerns.
A refinery fire in the U.S. state of Illinois, which resulted in the shutdown of a large crude distillation unit, that could cause crude demand to fall also weighed on prices, traders said.
U.S. West Texas Intermediate (WTI) crude futures were at $52.09 per barrel at 0347 GMT, down…
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