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Oil prices fell on rising U.S. crude inventories

Xinhua, January 26, 2017 Adjust font size:

Oil prices fell Wednesday after reports showed increasing U.S. crude inventories, triggering worries for continued global crude over-supply.

The West Texas Intermediate for March Delivery erased 0.43 dollars to settle at 52.75 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery decreased 0.36 dollars to close at 55.08 dollars a barrel on the London ICE Futures Exchange. Endit