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US President has asked OPEC to slow down its efforts to boost the market. This led to the decline of oil prices on Tuesday extending the losses from the previous session. Brent went down by 0.2%, to $64.66 a barrel. WTI slipped by 0.5% and was traded at $55.19 per barrel. Further, Saudi Arabia expects more than anticipated fall in its production in March due to the supply-reduction agreement.