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By Sabina Zawadzki LONDON (Reuters) - Global oil prices slipped on Tuesday as 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. Traders and analysts said the boon from last week's OPEC decision, which helped boost prices by about 15 percent, has faded and the cartel's promise had been undermined by data showing rising production from its members and Russia. "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.
President Barack Obama delivers his final address on the fight against terrorism Tuesday, in a speech aimed at his successor who has not yet publicly outlined his own anti-terror strategy. Speaking from MacDill Air Force Base -- the Florida headquarters of the Special Forces Command and CENTCOM, command for the US military in the Middle East -- Obama will give a rundown of operations in places like Afghanistan, Iraq and Syria during his two terms in office. Obama will touch upon his failed bid to close the Guantanamo military prison in Cuba and his continued strong opposition to the use of torture -- positions greeted with scorn by President-elect Donald Trump during the campaign.