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Oil prices drop two per cent

Oil prices fell almost two per cent on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.
 
West Texas Intermediate (WTI) crude fell $1.16 to $63.45 a barrel.
 
Global benchmark Brent was at $70.72 a barrel, down $1.01 from its last close.


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