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RIYADH: Oil costs fell on Thursday as merchants watched for indicators of progress on talks to lift the US debt ceiling, after surging almost 3 p.c within the earlier session on optimism over gasoline demand from the North American nation.
Brent crude futures dipped 27 cents, or 0.35 p.c, to $76.69 a barrel as of 11:40 a.m. Saudi time.
US West Texas Intermediate crude dropped 28 cents to $72.55 a barrel.
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