International crude oil futures closed lower on August 1st. The September contract for U.S. WTI crude oil futures settled at $67.33 per barrel, down $1.93, or 2.8%. The October contract for Brent crude oil futures settled at $69.67 per barrel, down $2.03, or 2.8%. Market concerns about OPEC's potential increase in oil production, coupled with U.S. employment data, dampened the demand outlook.
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