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Oil continues its losses after a 7% decline as expectations worsened
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Oil prices continued to fall on Wednesday, after falling 7 percent in the previous session as the increase in supply and the decline in demand to the reluctance of investors.
By 0600 GMT, the WTI futures contract was down 43 cents, or 0.8 percent, to $ 55.26 a barrel from the previous settlement.
Brent crude futures fell 36 cents, or 0.6 percent, to $ 65.11 a barrel.
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