Oil falls more than 1 pct on high OPEC output, firmer dollar

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Oil falls more than 1 pct on high OPEC output, firmer dollar

The boost from OPEC puts output further above its target of 30 million bpd, underlining the focus of top exporter Saudi Arabia and other key members on market share. "OPEC continues to produce well above target, and also well above demand for its oil," said Carsten Fritsch, senior oil analyst at Commerzbank in Frankfurt.

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