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Last Monday saw a fall of 3% in oil price. Brent crude dropped by 3.1% at $40.46 a barrel and WTI fell $1.29 at $38.56 a barrel. One of the major reasons for this was the increased supply from Libya. Amidst this OPEC+ was asked not to be careless and have to address the issue more seriously in order to keep the oil prices stable in the long run.