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Oil prices fall amid rising fuel inventories

Xinhua,December 07, 2017 Adjust font size:

NEW YORK, Dec. 6 (Xinhua) -- Oil prices dropped more than 2 percent on Wednesday amid a sharp rally in U.S. inventories of refined fuel.

The West Texas Intermediate for January delivery decreased 1.66 U.S. dollars to settle at 55.96 dollars a barrel on the New York Mercantile Exchange, while Brent crude for February delivery lost 1.64 dollars to close at 61.22 dollars a barrel on the London ICE Futures Exchange. Enditem