Oil market drifts lower

LONDON:– World oil prices dampened Monday on fading supply concerns following a failed coup in Turkey over the weekend. At about 1200 GMT, Brent North Sea crude for September delivery was down 21 cents at $47.40 a barrel. US benchmark West Texas Intermediate for delivery in August shed 24 cents to $45.71 a barrel compared with
Friday's close. "Brent climbed... late on Friday following the military coup in Turkey," said Commerzbank analyst Carsten Fritsch.

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