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The decline in oil prices continued today as the attention of investors moved to risks of oversupply. Brent crude oil was down by 0.3 percent, at $72.87 a barrel while U.S. WTI crude was down by 0.3 percent, at $67.68 a barrel. Saudi Arabia and other producers are elevating their oil production to make up for the possible losses as the November deadline for US sanctions approaches.