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Oil marks 3rd loss in row on Thursday  

Oil marks 3rd loss in row on Thursday  

Mubasher: Oil futures declined at Thursday’s settlement, recording its third successive loss.  

October Nymex WTI went down by $0.66, or 1.2%, to close at $55.09 per barrel.

The Organization of the Petroleum Exporting Countries (OPEC) agreed on Thursday to reduce their output, while asking over-supplying member states Iraq and Nigeria to trim their output in line with the targeted caps, Reuters reported.