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LONDON, Nov 12: World oil prices dropped on Monday as traders worried over the Greek debt crisis, weak global economic outlook and a looming “fiscal cliff” in the United States — which is the world’s biggest oil consumer. Traders said the market also pushed lower after the International Energy Agency estimated that the US would experience a major rebound in its oil production over the next 10 years. In late afternoon London deals, Brent North Sea crude for delivery in December fell 31 cents to $109.09 a barrel.—AFP
