London Brent crude shed 56 cents to $78.35 a barrel.
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Oil Continues to Fall After Active Profit Taking
Oil prices extended losses as dealers took more profits from last week's record high
Oil prices extended losses as dealers took more profits from last week's record high after a mild storm left US Gulf oil infrastructure undamaged, allowing producers to resume pumping.
US crude fell 63 cents to $80.32 a barrel by 0208 GMT, adding to Monday's 67-cent loss to bring it nearly $4 below the record $83.90 set by the October-month contract on Thursday.
London Brent crude shed 56 cents to $78.35 a barrel.
London Brent crude shed 56 cents to $78.35 a barrel.
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