Oil prices slipped on Monday as the market worried that deepening trade tension between the U.S. and China is expected to dent global crude demand. Front-month U.S. crude futures closed down 0.30 percent at $68.77 a barrel. Front-month Brent crude futures lost 0.13 percent, at $78.00 a barrel. The spread between the two benchmarks stood at $9.23 a barrel.

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