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Oil Prices Fall On Expected Climb In U.S. Production
Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as four days and as a U.S. government report indicated rising production. Benchmark Brent crude futures were down 9 cents at $55.27 at 0058 GMT. They ended a quiet session on Monday down 53 cents at $55.36, after rising the three previous weeks. U.S. West Texas Intermediate (WTI) crude futures were also down 9 cents at $52.56 a barrel. They settled down 53 cents at $52.65 a barrel. The benchmark for U.S. oil had also risen for three straight weeks through Thursday, before the Easter break.
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Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as four days and as a U.S. government report indicated rising production. Benchmark Brent crude futures were down 9 cents at $55.27 at 0058 GMT. They ended a quiet session on Monday down 53 cents at $55.36, after rising the three previous weeks. U.S. West Texas Intermediate (WTI) crude futures were also down 9 cents at $52.56 a barrel. They settled down 53 cents at $52.65 a barrel. The benchmark for U.S. oil had also risen for three straight weeks through Thursday, before the Easter break.

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