Friday 17 January 2020
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businessmirror - 1 month ago

Oil falls from 12-week high as report shows US stockpile build

Oil retreated from its highest close in almost three months after an industry report showed American crude inventories expanded last week, adding to concerns over weakening demand. Futures in New York dropped as much as 0.6 percent after climbing 0.4 percent on Tuesday. The American Petroleum Institute reported US stockpiles grew by 1.41 million barrels, [ ]


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