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- US crude closes lower for 11th consecutive session
US crude closes lower for 11th consecutive session
US crude prices fell for the eleventh consecutive session in the longest decline since the start of the contract, shedding early gains in the session.
This comes after US President Donald Trump said he hoped there would be no reduction in crude output.
US WTI fell 26 cents a barrel to settle at $ 59.93 a barrel.
Brent crude futures fell six cents to settle at $ 70.12 a barrel.