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Oil prices settle lower as economic uncertainty feeds worries about energy demand

Oil futures fell Monday, kicking off May with a loss after the U.S. benchmark eked out an April gain to snap a string of five straight monthly declines.

Worries about the potential for central-bank tightening to spark a global slowdown or recession continued to hang over the market, analysts said, ahead of a Federal Reserve policy decision on Wednesday, while data on activity in China’s manufacturing sector disappointed.

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