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Tehran, YJC. Jabbari says Iran will increase its crude oil production if oversees demand increases.

TEHRAN - A lecturer in international political economy at Regent's University London says if oil prices fall further even the Persian Gulf Arab members of OPEC will face huge economic problems.

Global oil prices fell on Tuesday on easing fears about supplies from the crude-rich Middle East, eclipsing bright data from Europe and China, analysts said.

Oil prices edged higher in Asia Monday on escalating violence in crude producer Libya following a coup attempt by a rogue general that has raised concerns about potential supply disruptions, analysts said.