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CRUDE OIL NEWS UPDATED BY TRADELINE COMMODITY

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Oil loses ground on nerves over economy, trace of MidEast pressures facilitating

Oil costs fell on Monday as financial specialists worried over the standpoint for worldwide monetary development, while end of the week talks among Iran and real powers finished on a for the most part positive note, proposing a facilitating of strains in the Middle East.

Brent rough prospects were somewhere around 37 pennies, or 0.6%, at $63.09 a barrel by 0717 GMT. Costs rose 1.6% a week ago.

U.S. West Texas Intermediate rough was somewhere near 20 pennies, or 0.4%, at $56.00 a barrel. WTI picked up 1% a week ago.

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