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Oil prices fall as U.S. crude stockpiles rise

Xinhua, August 11, 2016 Adjust font size:

Oil prices extended losses Wednesday as official data showed that U.S. crude inventories increased for a third straight week.

The West Texas Intermediate for September delivery dropped 1.06 U.S. dollars to settle at 41.71 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery lost 0.93 dollar to close at 44.05 dollars a barrel on the London ICE Futures Exchange. Enditem