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Oil prices decline on U.S. inventory surge

Xinhua, November 17, 2016 Adjust font size:

Oil prices declined on Wednesday in volatile trading as the U.S. reported a 7.7-percent increase of crude oil inventories.

The West Texas Intermediate for December Delivery lost 0.24 U.S. dollars to settle at 45.57 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery erased 0.32 U.S. dollars to close at 46.63 U.S. dollars a barrel on the London ICE Futures Exchange. Enditem