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Energy and Power

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Crude stocks in the US go up and cause the oil stocks to go down

Published On 16 Dec 2019 11:16 AM


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Oil prices fell on Wednesday after the unforeseen build-up of industry data in US shipbuilding and investors were waiting for news about whether a fresh round of U.S. tariffs would take effect on Chinese goods on Sunday.

Futures from Brent have dropped by 0943GMT to $64.10/barrel. The light US West Texas Intermediate fell to $59.05 a barrel by 19 cents.

In the last week, US rough stocks have been that unexpectedly, with gas....


Tags : Oil prices fell, US shipbuilding, US West Texas, crude material,
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