Jan 23 (Reuters) – Oil prices fell in early trade on Monday, diluted by the Lunar New Year holiday in East Asia, but held on to most of last week’s gains on the prospect of an economic recovery in key oil importer China this year consists .

Brent crude futures were down 46 cents, or 0.5%, to $87.17 by 0349 GMT, while US West Texas Intermediate (WTI) crude futures were down 36 cents, or 0.4%, to $81.28 a barrel fell.

Last week, Brent was up 2.8% while the US benchmark was up 1.8%.


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