Oil Prices Decrease in Asia
Oil prices decreased by 1% on Monday
Singapore - QNA
Oil prices decreased by 1% on Monday, triggered by rising production just after last week's deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC member Russia to cut output in 2017.
International Brent crude futures were trading at $53.95 per barrel at 07:51 GMT, down 51 cents, or almost 1%, from their last close.
West Texas Intermediate (WTI) crude futures were at $51.18 a barrel, down 50 cents, or 1%.
Last week, OPEC announced to decrease its output by 1.2 million barrels a day and was able to receive Moscow's support to cut its output by 300,000 barrels a day in early 2017.
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Beirut - NNA
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Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
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Paris - Al Maghrib Today
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