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Oil prices decline on U.S. crude oil inventories build

2019-09-19 05:19

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NEW YORK, Sept. 18 (Xinhua) -- Oil prices declined on Wednesday after data showed an increase in U.S. crude oil inventories.

U.S. commercial crude oil inventories increased by 1.1 million barrels during the week ending Sept. 13, according to the weekly petroleum status report released by the U.S. Energy Information Administration on Wednesday.

At 417.1 million barrels, U.S. crude oil inventories were about 2 percent below the five-year average for this time of year, according to the report.

The West Texas Intermediate for October delivery decreased 1.23 U.S. dollars to settle at 58.11 dollars a barrel on the New York Mercantile Exchange, and Brent crude for November delivery decreased 0.95 dollar to close at 63.6 dollars a barrel on the London ICE Futures Exchange.
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