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Oil prices slide as output rises
July 31, 2018
Source: Reuters

Oil prices slide as output rises

A jump in production of oil-producing nations under OPEC pushed the oil prices down today, although losses were limited. Brent crude futures fell to $74.90 a barrel. U.S. West Texas Intermediate crude futures (WTI) were down at $70.08. OPEC productions were, reportedly, up by 70,000 barrels per day to 32.64 million bpd, reaching a year high.

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