Oil loses ground as rising U.S. output threatens to disrupt tightening market:
"Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine efforts led by producer cartel OPEC to tighten the market. Brent crude futures LCOc1 were at $69.34 per barrel at 0750 GMT, down 13 cents, or 0.2 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $65.13 a barrel, down 4 cents from their previous settlement."
'via Blog this'
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