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CRUDE OIL LIVE NEWS UPDATED BY ROYAL TRADERS

Oil slips 1% as U.S. reserves flood, monetary concerns develop

Oil costs dropped by around 1% on Thursday, broadening tumbles from the past session in the midst of flooding U.S. rough inventories and powerless interest from processing plants.

Brent rough prospects, the global benchmark at oil costs, were at $70.36 per barrel at 0652 GMT, down 63 pennies, or 0.9%, from their last close.

U.S. West Texas Intermediate (WTI) rough prospects were somewhere near 51 pennies, or 0.8%, at $60.91 per barrel.

Rough prospects effectively fell by around 2% the earlier day.

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