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Oil prices fall over 1% on recovery in US output

Mimi Sabreena 4:08:00 PM Informasi

SINGAPORE (Jan 19): Oil prices dropped more than 1% on Friday as a bounce-back in US production outweighed ongoing declines in crude inventories.

If Friday's falls last, this week will see the biggest weekly price declines since October.

Brent crude futures were at US$68.65 a barrel at 0802 GMT, down 66 US cents, or 0.95%, from their last close. On Monday, they hit their highest since December 2014 at US$70.37.

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