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Oil prices fall on expectations for U.S. stockpiles increase

Xinhua, February 23, 2017 Adjust font size:

Oil prices dropped on Wednesday on expectations that U.S. crude inventories will continue to rise.

The West Texas Intermediate for April Delivery erased 0.74 dollars to settle at 53.59 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery decreased 0.82 dollars to close at 55.84 dollars a barrel on the London ICE Futures Exchange. Enditem