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Oil lower on demand worries, rise in U.S. rig count and a stronger dollar

“Crude-oil futures declined Monday, with energy demand concerns, signs of rising U.S. oil production and a stronger dollar pressuring prices, which suffered a drop last week” writes Markets Commodities Reporter for The Energy Information Administration is also scheduled to release its weekly Short-term Energy Outlook report Tuesday, which include forecasts for oil prices.The International Energy Agency’s monthly oil report is due Wednesday.

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