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Oil prices fall as U.S. crude production hits another record

Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided the market with some support.Brent crude futures , the international benchmark for oil prices, were at $76.46 per barrel at 0046 GMT, down 28 cents, or 0.4 percent, from their last close.U.S. West Texas Intermediate (WTI) crude futures were at $66.58 a barrel, down 6 cents from their last settlement.Prices were pulled down by another rise in U.S. oil production , which hit a weekly record of 10.9 million barrels per day ...

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First Published: Thu, June 14 2018. 06:34 IST
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