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Friday saw oil prices dropping further on hopes of output raise by OPEC to offset the decline in exports from Iran due to US sanctions. Brent crude dipped 0.3%, and were traded at $74.16/barrel. US WTI crude saw a drop of 0.6%, and were priced at $64.83/barrel. Washington announced an end to all sanction waivers on Monday, in a bid to drive Iran’s oil exports down to zero.