UPDATE 7-Oil drops on higher supplies, Iran diplomacy
Iraq resumes normal output from southern oilfields * Libya's eastern Hariga port could reopen this week (Updates prices, updates Iran para) NEW YORK, Sept 23 (Reuters) - Global oil prices dropped by more than $1 per barrel on Monday despite upbeat economic data from China and Europe, as higher crude output from Iraq and a possible thaw in U.S.-Iran relations boosted the supply outlook. Oil prices plummeted last week as Libya's production recovered to nearly 40 percent of pre-war capacity after protesters agreed to reopen major western ...
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