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Oil Prices Fall As Inventories Rise

Dubai – (Massader News)

Oil prices fell during Thursday’s trading, and the price of Brent crude futures fell by 0.09%, at $ 54.15 per barrel with expectations of inventories rise, according to a report published by Mubasher.

Nymex crude futures fell by 0.2% to $ 49.06 a barrel.

The US Petroleum Institute announced yesterday that it expects US oil inventories to rise by 2.8 million barrels, during the week ending September 1.

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