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The international market is struggling due to sluggish demand forecast. This led to the fall of oil prices on Tuesday. Brent dropped down by 0.3% and was traded at $58.39 a barrel. WTI slipped by 0.2% and was traded at $54.81 per barrel. In order to drain global oil inventories, Saudi has informed its plan to keep crude oil exports below 7 million bpd in August and September.