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Brent crude oil futures fall $1 per barrel on global oversupply
October 20, 2014 / 2:02 PM / 3 years ago

Brent crude oil futures fall $1 per barrel on global oversupply

NEW YORK, Oct 20 (Reuters) - U.S. and Brent crude oil futures each fell over a dollar to $81.79 and $84.75, respectively, on concerns about global oversupply.

Abundant global oil supplies, particularly of high quality, light oil, coupled with a gloomy economic outlook from Europe to China pushed Brent last week below $83, its lowest since 2010.

Reporting By Sam Adams; Editing by Chizu Nomiyama

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