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Oil prices decline amid rising U.S. fuel inventories

Xinhua, December 8, 2016 Adjust font size:

Oil prices dropped on Wednesday as government data showed that U.S. fuel stockpiles rose more than expected last week.

The West Texas Intermediate for January Delivery decreased 1.16 dollars to settle at 49.77 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery erased 0.93 dollars to close at 53.00 dollars a barrel on the London ICE Futures Exchange. Enditem