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Oil prices fall as focus switches to oversupply

Updated : October 26, 2018 09:07 AM IST

Brent crude futures were down 45 cents, or 0.6 percent, at $76.44 a barrel by 0140 GMT. The global benchmark is heading for a weekly loss of 4.2 percent.
Saudi Arabia's OPEC governor said on Thursday the oil market could face oversupply in the fourth quarter.
Saudi Arabia Energy Minister Khalid Al-Falih said there could be a need for intervention to reduce oil stockpiles after increases in recent months.

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