Oil set for biggest monthly decline


Nickel, iron ore and oil all dropped, and shares of resources companies slipped in Asia.

SEOUL: Oil’s on track of its worst month since 2016 as the specter of a slowing global economy haunts the market that’s grappling with growing US inventories and mixed signals from producers.

Futures in New York are poised for a 9.4% drop this month, ending two months of gains.

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