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Oil ends more than 3% lower after weaker China, U.S. economic readings

·3 min read
Oil ends more than 3% lower after weaker China, U.S. economic readings
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Oil futures start August on a down note Monday, under heavy pressure after disappointing data on activity in China and the U.S., worries about the spread of the Delta variant of the coronavirus that causes COVID-19 and rising output by OPEC+ producers.