Oil prices down on swelling US crude stocks, easing Middle East tensions

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Brent Crude News

American Petroleum Institute,Oil Prices,The Middle East

Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following ...

Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators. Brent crude futures fell 9 cents to $77.11 a barrel by 0001 GMT. U.S. crude oil stocks were seen rising last week by 347,000 barrels, according to market sources citing American Petroleum Institute figures on Tuesday.

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