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Oil prices touch multi-week lows, as supply worries grow

Oil prices fell to their lowest in six weeks on Tuesday, as mounting worries over persistent oversupply grew ahead of U.S. data that was expected to show another increase in crude inventories. U.S. crude dropped $1.10 to $42.88 a barrel, having touched a nine-week low of $42.74 earlier in the day. The difference between the price of oil for immediate delivery and in a year’s time yawned to its widest