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Oil prices extend losses as Saudi pipeline repairs ease supply concerns

OIL prices fell for a second consecutive session on Thursday, with Brent crude trading around US$105 a barrel, after reports that Saudi Arabia plans to restore roughly half the capacity of its…

  • Brent crude prices drop to near US$105 per barrel
  • Saudi pipeline to restore half capacity within days
  • US crude inventories decline 640,000 barrels

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