Oil prices drop OPEC plans to reduce production

OIL prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as US drillers stepped up work. International Brent crude oil futures LCOc1 were trading at $US51.61 ($F105) per barrel at 0051 GMT, down 17 cents […]

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