A general view of oil tanks in the Transneft – Kozmino Port near the far eastern town of Nakhodka, Russia November 15, 2017. REUTERS/Yuri Maltsev
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Oil in New York headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing raising output to ease consumer anxiety after prices jumped to levels last seen in 2014 . West Texas Intermediate dropped as much as 3.1 percent, while Brent crude futures, which traded above $80 a barrel last week, slumped near $75 in London Monday. Brent futures for July settlement dropped as much as $1.95 to $74.49 a barrel on the London-based ICE Futures Europe exchange and traded at $75.30 a barrel.Futures for September delivery fell 3.4 percent to 464.3 yuan a barrel on the Shanghai International Energy Exchange.
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