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Decline in oil prices due to the increase in US crude stocks
Thursday 17-11-2016 | 12:11:53
A o / p p
Twilight News / futures contracts for crude oil fell on Thursday after official reports pointed to a larger-than-expected increase in US crude inventories.
Increased crude stocks in the United States 5.3 million barrels for the week ending Nov. 11, compared with expectations for a 1.5 million barrel increase.
Inventories increased due mainly to higher imports of 910 thousand barrels per day, according to data issued by the US Energy Information Administration on Wednesday.
At 0750 GMT, the US Brent crude West Texas Intermediate fell 25 cents, equivalent to 0.5 percent to $ 45.34 a barrel. And revealed futures for Brent European 26 cents, or 0.6 percent, to $ 46.37 a barrel.
http://www.ara.shafaaq.com/106674
Thursday 17-11-2016 | 12:11:53
A o / p p
Twilight News / futures contracts for crude oil fell on Thursday after official reports pointed to a larger-than-expected increase in US crude inventories.
Increased crude stocks in the United States 5.3 million barrels for the week ending Nov. 11, compared with expectations for a 1.5 million barrel increase.
Inventories increased due mainly to higher imports of 910 thousand barrels per day, according to data issued by the US Energy Information Administration on Wednesday.
At 0750 GMT, the US Brent crude West Texas Intermediate fell 25 cents, equivalent to 0.5 percent to $ 45.34 a barrel. And revealed futures for Brent European 26 cents, or 0.6 percent, to $ 46.37 a barrel.
http://www.ara.shafaaq.com/106674
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