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Oil prices dropped in the international market today despite tight market due to a surprise slump in US crude inventories. Brent crude oil futures dropped 0.2%, to $71.51 a barrel. US WTI crude futures dipped 0.1% and were priced at $63.67 per barrel. U.S. crude inventories collapsed by 1.4 million barrels in the last week, in comparison to analysts’ expectation for an increase of 1.7 million barrels.
