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Oil falls as focus moves to prospect of higher supply


LONDON: Oil prices fell on Friday ahead of an OPEC meeting in Vienna next week as two of the world's biggest producers, Saudi Arabia and Russia, indicated they were prepared to increase output.

Benchmark Brent crude oil fell by $1.07 a barrel to a low of $74.87 before recovering to $75.12, down 82 cents, by 1328 GMT. U.S. light crude was 360 cents lower at $66.53.

Oil & Gas

   

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