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Oil prices fall further as Libyan field resumes production

Reuters  |  TOKYO 

TOKYO (Reuters) - Oil prices slipped further in Asian trading on Tuesday following a recovery in output at Libya's largest oil field and amid ongoing doubts about OPEC-led production cuts.Global benchmark Brent crude futures were down 18 cents, or 0.3 percent, at $52.19 a barrel by 0038 GMT after dipping 0.1 percent in the previous session.U.S. crude futures were down 13 cents, or 0.3 percent, at $49.26 a barrel, having fallen 0.4 percent on Monday.Production from Libya's Sharara field was returning to normal after a brief disruption when armed protesters broke into a control room in the ...

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First Published: Tue, August 08 2017. 06:30 IST
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