Brent crude oil falls 2.7% in Monday trade

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NEW YORK (MarketWatch) -- ICE Brent crude oil futures for March delivery lost $1.33, or about 2.7%, to close at $48.84 a barrel on Monday during a session when U.S. markets were closed in observance of Martin Luther King Jr. Day. The London-traded benchmark is now down 57.5% from its 52-week high of $115.06 in June, and has ...

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