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Oil was trading below $74 a barrel early Monday, near its lowest level in two weeks, on concerns that a slowing economy could hurt demand, Bloomberg reported.

Crude futures for October delivery slipped to $73.59 a barrel on the New York Mercantile Exchange, Bloomberg said.

Oil fell almost $3 last week on the Nymex. The October delivery contract expires Tuesday.

The Department of Energy will release its weekly survey of diesel and gasoline pump prices Monday afternoon in Washington.