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Oil prices drop as China releases fuel reserves to beef up domestic supply

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Global crude prices slid on Monday after China released gasoline and diesel reserves to increase the domestic market supply and stabilize prices.

Brent crude futures fell 0.4% to $83.43 a barrel by 4:00am GMT. US benchmark West Texas Intermediate (WTI) crude futures lost 0.5%, trading at $83.17.

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Oil prices drop as China releases fuel reserves to beef up domestic... | Ecency