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Oil prices dropped again on Tuesday as traders faced up to a double whammy of new tariffs and plans to boost production in a number of OPEC countries.
Brent crude futures, the international benchmark, fell 1.3% to $70.68 a barrel early Tuesday, putting them down 3% so far in March. West Texas Intermediate futures, the U.S. benchmark, were down 0.9% to $67.74, bringing their loss in March to around 3% as well. Both are more than 5% down in 2025.
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