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Oil retreats as OPEC report shows a pickup in Saudi Arabian output

MarketWatch
Oil retreats as OPEC report shows a pickup in Saudi Arabian output

Crude-oil futures traded slightly lower early Tuesday as a report on monthly oil output from the Organization of the Petroleum Exporting Countries indicated higher production from the cartel led by swing producer Saudi Arabia. U.S. benchmark July West Texas Intermediate crude CLN8, -0.09%  fell 12 cents