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Oil Falls Almost 4 Percent

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News video: Oil Falls Almost 4 Percent

Oil dropped by 4 percent on Tuesday as leading oil experts from the Organization of the Petroleum Exporting Countries had trouble agreeing on a deal to cut production to reduce global oversupply and raise prices.

This occurred as Iran and Iraq were quarreling with Saudi Arabia a day ahead of meeting.

Declines put both global benchmarks on track to drop for a second month in a row. U.S.

crude was down around 3 percent and Brent down almost 4 percent..

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