New York Aug 8 (IANS) Oil prices fell on Monday as investors were concerned that major oil exporters output cut deal may not be effective enough.
The West Texas Intermediate for September Delivery lost $0.19 to settle at $49.39 a barrel on the New York Mercantile Exchange while Brent crude for October delivery erased $0.05 to close at $52.37 a barrel on the London ICE Futures Exchange.
--IANS
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