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Oil Today Report 

Oil prices continued to fall on Thursday morning in Asia, as markets took into account the possibility of higher output from the Organization of the Petroleum Exporting Countries (OPEC).Crude Oil WTI Futures for July delivery were trading at $71.69 a barrel at 11:15PM ET (03:15 GMT), down 0.21%. Brent Oil Futures for July delivery, traded in London, were down 0.34% at $79.53 per barrel.Shanghai Crude Oil WTI Futures for September delivery were down 0.49% at 485.70 yuan ($76.01) per barrel.In the face of worries over supply from both Venezuela and Iran, OPEC members could step up production as soon as June.

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