Oil update — crude falls up to 1% on worries of supply rising later in 2024 

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Oil prices fell as much as 1 percent in Asian trading on Tuesday, extending losses from a four-month low hit in the previous session, as investors worried that supplies could rise later in the year amid signs of slowing U.S. demand, Reuters reported. Brent crude futures fell 73 cents, or 0.93 percent, to $77.63 a barrel at 9:38 a.m. Saudi time. Brent closed below $80 for the first time since February 7, after falling more than 3 percent on Monday.

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