Oil prices declined during early transactions this Thursday.
Brent crude futures dropped by 73 cents, or 1.02%, reaching $70.84 per barrel by 01:02 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) crude saw a 1.21% decline, equivalent to 83 cents, recording $67.75 per barrel.
Both benchmarks had fallen in the previous session by more than 1%, reaching their lowest levels in four months.
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