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Oil Prices Decline Amid Concerns of Decreasing Demand in the US and China.

Brent crude futures for January saw a 35-cent or 0.4% decrease, reaching $81.08 per barrel at 0051 GMT. Simultaneously, U.S. West Texas Intermediate (WTI) crude futures for December were down 35 cents or 0.5%, standing at $76.82.

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