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Oil prices fall on rising U.S. stockpiles

Xinhua, February 16, 2017 Adjust font size:

Oil prices fell Wednesday as rising U.S. crude stockpiles fueled concerns over global supply glut.

The West Texas Intermediate for March Delivery erased 0.09 dollars to settle at 53.11 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 0.22 dollars to close at 55.75 dollars a barrel on the London ICE Futures Exchange. Endit