Oil prices slump over 1 percent on rise in U.S. output

SINGAPORE, July 7 (Reuters) - Oil prices fell by more than 1 percent early on Friday, with U.S. crude futures dipping below $45 per barrel as news of a rise in U.S. production added to earlier reports that OPEC output was also on the rise.

Oil prices slump over 1 percent on rise in U.S. output
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