Oil Prices Slip Despite Rebound in Asian Equities Market (POWERCOMMODITY.COM)

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Oil prices inched down on Monday morning in Asia, despite a bounce in the region’s stock markets. Investors remained cautious after a sell-off last week that could indicate a global economic slowdown.

Oil is facing “downward pressure from lower growth forecasts around the globe,” Alfonso Esparza, senior market analyst with futures brokerage Oanda, told Reuters.

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