Oil prices decline, weighed down by OPEC, Russia output

The Wall Street Journal  | Christopher Alessi: Oil prices declined Tuesday as rising output from OPEC and Russia outweighed signs of declining U.S. oil inventories and production.

Light, sweet crude for September delivery fell 2% to $68.76 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, shed 1.1% to $74.25 a barrel.

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