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Oil prices tumble after record U.S. crude inventory build

Xinhua, November 3, 2016 Adjust font size:

Oil prices suffered big losses Wednesday after official data showed a record weekly gain in U.S. crude stockpiles.

The West Texas Intermediate for December delivery dropped 1.33 U.S. dollars to settle at 45.34 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery lost 1.28 dollars to close at 46.86 dollars a barrel on the London ICE Futures Exchange. Enditem