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Oil markets dip amid mixed price signals

Oil prices dipped on Tuesday, weighed down by gradually rising output from producer club OPEC but supported by supply risks from places such as Venezuela, Africa and Iran.

International Brent crude oil futures LCOc1 were at $76.14 per barrel at 0625 GMT, down 7 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 11 cents at $68.76 per barrel.

Traders said markets were range-bound, hemmed in by conflicting price signals.

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