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Oil prices decline on rising US crude stockpile

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IANS New York
Last Updated : Sep 01 2016 | 6:32 AM IST

Oil prices fell as government data showed the US crude stockpile rose more than expected last week.

The West Texas Intermediate for October delivery on Wednesday lost $1.72 to settle at $44.70 a barrel on the New York Mercantile Exchange, while Brent crude for October delivery decreased $1.34 to close at $47.04 a barrel on the London ICE Futures Exchange, Xinhua news agency reported.

--IANS

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First Published: Sep 01 2016 | 6:22 AM IST

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