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Oil prices fall but market tight on disruptions, record demand

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Reuters  |  SINGAPORE 

By Henning GloysteinSINGAPORE (Reuters) - U.S. oil prices dropped away from three-and-a-half year highs on Thursday amid high output from Russia, the United States and Saudi Arabia, although unplanned supply disruptions elsewhere and record demand stemmed a bigger decline.U.S. West Texas Intermediate (WTI) crude futures were at $72.42 a barrel at 0639 GMT, down 34 cents, or 0.5 percent, from their last settlement. WTI hit its highest since November 2014 at $73.06 per barrel in the previous session.Brent crude futures were at $77.40 per barrel, down 22 cents, or 0.3 percent, from their last ...

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First Published: Thu, June 28 2018. 12:58 IST
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