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Oil prices ease on caution over US debt ceiling talks.

Oil prices fell on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging nearly 3% in the previous session on optimism over U.S. fuel demand.

Brent crude futures dipped 29 cents, 0.4%, to $76.67 a barrel as of 0705 GMT. U.S. West Texas Intermediate crude dropped 32 cents to $72.51 a barrel.