Oil prices fell on Tuesday as the prospect of further rises in U.S. output undermined ongoing OPEC-led production cuts aimed at tightening the market.
Brent crude futures (LCOc1) were at $62.94 per barrel at 0415 GMT, down 22 cents, or 0.35 percent, from their last close. U.S. West Texas Intermediate (WTI) crude (CLc1) was at $56.62 per barrel, down 14 cents, or 0.25 percent.
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