Oil prices fell nearly 3% on Monday, pressured by tumbling equities on Wall Street and weak Chinese economic data, although an estimated drawdown in crude stocks at the key US storage hub appeared to limit losses, traders said. Gyrations in US equity prices and the dollar from bets on the timing of the first US rate hike in nearly a decade have fed volatility in oil prices, which have swung up to 8% a day over the past month.
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