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Oil prices drop more than 2%

Oil prices fell more than two per cent Thursday, with Brent slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand even as supply tightens.
 
Brent crude oil fell $1.65, or two per cent, to $78.09 per barrel.  
 
The global benchmark hit $80.13 on Wednesday, its highest level since May 22.
 
U.S. light crude was down $1.82, or 2.6 per cent, to $68.55 a barrel.


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