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Oil prices fall further as Libyan supplies to return


Brent North Sea crude for delivery in August dropped 52 cents to stand at $110.72 a barrel in late London deals.

US benchmark West Texas Intermediate (WTI) for August fell 71 cents to $103.77 a barrel, compared with Wednesday's close.

Prices dropped after Libya's interim Prime Minister Abdullah al-Thani on Wednesday declared that authorities have regained control of export terminals blockaded by rebels.

Crude was down "due to the relatively quiet situation in Iraq and the Libyan port deal, both of which kept supplies up", said analyst Sanjeev Gupta at consultancy EY.


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