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Oil prices fall as Saudi Arabia pledges to play 'responsible role' in market

Oil prices fell on Tuesday after Saudi Arabia said it would play a "responsible role" in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran's crude exports that start next month.

Front-month Brent crude oil futures (LCOc1) were at $79.33 a barrel at 0657 GMT, down 50 cents, or 0.6 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $69.14 a barrel, dropping 22 cents, or 0.3 percent, from their last settlement.

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