Friday, 22 November 2019
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Oil prices inch down as U.S. crude stocks climb

Oil prices were down on Thursday, extending losses into a second consecutive session following a surprise rise in U.S. crude inventories.

International Brent crude oil futures were at $67.55 a barrel at 0929 GMT, down 28 cents from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $59.21 per barrel, down 20 cents from their last settlement.

U.S. crude inventories rose last week by 2.8 million barrels, compared with analysts' expectations for a decrease of 1.2 million barrels, the U.S. Energy Information Administration said.

Source: Reuters

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