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Oil prices continue to drop

Global oil prices sharply decrease on Thursday, after media reports said Iran might accept a modest increase in production at this week's OPEC summit.
 
August West Texas Intermediate crude was up 6 cents, or less than 0.1%, at $65.77 a barrel on the New York Mercantile Exchange (NYMEX) after trading as low as $64.34. 
 
August Brent was off $1.38, or nearly 1.9%, at $73.36 a barrel.


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