Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles overshadowed OPEC-led efforts to cut output.
Global benchmark Brent crude dropped 0.6 percent to $65.47 per barrel while U.S. West Texas Intermediate (WTI) crude oil futures were down 1.2 percent at $55.88 per barrel.
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