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Oil prices dropped more than 1 percent on Friday as a bounce-back in U.S. production outweighed ongoing declines in crude inventories.If Friday’s falls last, this week will see the biggest weekly price declines since October.Brent crude futures (LCOc1) were at $68.46 at 0259 GMT, down 85 cents, or 1.2 percent, from their last close. On Monday, they hit their highest since December, 2014 at $70.37 a barrel.