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Oil prices drop on rising supplies

SINGAPORE (Reuters) – Oil prices fell on Wednesday, hit by rising supplies in the United States and expectations that producer cartel OPEC could relax voluntary output cuts. Brent crude futures LCOc1, the international benchmark for oil prices, were at $75.36 per barrel by 0708 GMT, down 52 cents, or 0.7 percent, from their last close….

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