Oil prices edged lower on Monday, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand.

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Brent crude futures dipped 22 cents to $60.26 a barrel by 10:55 a.m. EST (1555 GMT), trading as low as $59.27 intraday. U.S. West Texas Intermediate (WTI) crude futures fell 8 cents to $51.51 a barrel, after sinking to a session low earlier of $50.43.

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