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Oil prices fall as U.S. crude stockpiles rise

Xinhua, August 25, 2016 Adjust font size:

Oil prices tumbled Wednesday as official data showed an unexpected increase in U.S. crude inventories.

The West Texas Intermediate for October delivery decreased 1.33 U.S. dollars to settle at 46.77 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery dropped 0.91 dollar to close at 49.05 dollars a barrel on the London ICE Futures Exchange. Enditem