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Oil Prices Decline as US Crude Inventories Rise

Thu 24 Oct 2024, 10:06:42

Oil prices edged down yesterday after industry data showed that US crude inventories increased more than expected.

Brent crude was trading 1.6 percent down at 74 dollars and 77

cents per barrel, while the US West Texas Intermediate crude was trading 1.7 percent down at 70 dollars and 50 cents per barrel when the reports last came in.

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