File - Iraq said December exports hit their highest since 1980, averaging 2.94 million per day.
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Brent crude reversed early gains Friday to fall to a fresh post-2009 low below $56 a barrel, as a glut of oil that has halved prices since June overshadowed investor positioning at the start of the year for a possible eventual recovery.Brent crude for February delivery was down $1.21 at $56.12 a barrel by 1323 GMT, almost 5 percent below the day's high at $58.54 .Oil hit a post-2009 low of $55.48, having averaged around $110 a barrel between 2011 and 2013 .In the United States, benchmark oil prices took some support from data Wednesday showing inventories fell by 1.8 million barrels in the last week, but an increase of 2 million barrels at the U.S. crude contract's delivery hub of Cushing, Oklahoma kept prices under pressure.
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