SINGAPORE — Oil prices extended declines on Monday as the threat of a supply disruption from a US storm eased and after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. 2 oil consumer.

Brent crude futures dropped 31 cents, or 0.4 percent, to $73.56 a barrel by 0340 GMT, while US West Texas Intermediate crude futures were at $70 a barrel, down 38 cents, or 0.5 0.4 percent.

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