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Oil prices fall due to rise in futures

Oil prices fell on Thursday after futures hit four-year highs on a boost from imminent U.S. sanctions on OPEC's number three producer Iran.
 
Brent crude futures fell $1.32 to $84.97 a barrel, having risen to a late 2014 high of $86.74 on Wednesday.
 
U.S. West Texas Intermediate (WTI) crude futures fell $1.71 to $74.70 a barrel, a 2.2 per cent loss.
 


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