Oil prices edged lower on Monday in tug-of-war trading as Spain’s fall into recession and slowing US Midwestern business activity countered supportive expectations for more Federal Reserve action to stimulate a sluggish US economy. US Nymex/WTI crude’s 6￠ price dip snapped a string of six higher settlements, but still allowed the front-month contract to post a 1.8% monthly gain. Brent ended April with a loss of nearly 3%, after three straight monthly gains.
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