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Global oil prices slipped on Tuesday as data showed crude output rose in most major export regions despite plans by OPEC and Russia to cut production, triggering fears the fuel glut that has dogged markets for over two years might last well into 2017. Analysts said the boon from last week's OPEC decision, which helped boost prices by about 15 percent, has faded as they look to factors that may undermine the cartel's promise such as record production, Saudi Arabia's plans and the reaction of U.S. shale oil producers. "Most of the position adjustments that the OPEC decision forced upon traders have now run their course and it leaves the market exposed to profit taking," said Ole Hansen, head of commodities strategy at Saxo Bank.
A Greek court ruled Tuesday that three Turkish officers accused of playing a part in a failed July coup could be extradited to Turkey, in a case that has strained relations between the two neighbours. The Athens appeals court said that the three -- out of eight officers seeking asylum in Greece -- should be sent back for "attempting to topple the regime" of President Recep Tayyip Erdogan, a judicial source said. The ruling came a day after the same court rejected extradition for another three of the officers, deeming that Turkish authorities had not provided sufficient evidence, and that their personal safety was in jeopardy at home.