TOKYO, Jan 18 (Reuters): Oil prices on Monday fell further from 11-month highs touched last week, ending a rally that started at end-October on production cuts and strong Chinese demand, with the market's outlook questioned as coronavirus infections rise.
Brent crude fell 20 cents, or 0.4%, to $54.90 a barrel by 0737 GMT, after dropping 2.3% on Friday. US oil was down by 13 cents, or 0.3%, at $52.23 a barrel, having declined 2.3% in the previous trading session.
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