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The US Army Corps of Engineers nixed plans for a controversial oil pipeline crossing in North Dakota, a major victory for Native Americans and environmentalists who had staged months of protests. The pipeline had been set to cross under the Missouri River and man-made Lake Oahe, which are drinking water sources for the Standing Rock Sioux Tribe. "It's clear that there's more work to do," Jo-Ellen Darcy, the US Army's assistant secretary for civil works, said in a statement.
By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer club OPEC and Russia, might not be as big as initially anticipated. International Brent crude futures were trading at $53.95 per barrel at 0751 GMT, down 51 cents, or almost 1 percent, from their last close. West Texas Intermediate (WTI) crude futures were at $51.18 a barrel, down 50 cents, or 1 percent.