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The price of a barrel of Brent oil for delivery in January ended Monday on the London futures market at $ 70.12, or 0.04% below that at the end of the previous session.
Gross North Sea, a benchmark in Europe, closed the day on International Exchange Futures with a $ 0.03 drop from last trading day, when it closed at $ 70.15.
The price of Brent recorded a slight decline at the end of a volatile day in which Saudi Arabia announced its intention to promote within the Organization of Petroleum Exporting Countries (OPEC) ) a reduction of one million barrels a day to balance the market.
The increase in production in the United States and the exemptions granted to eight countries by Washington to import Iranian oil have mitigated in recent days the fears of a reduction in the world supply, according to badysts. 19659003]
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