Tokyo — Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in the US, the world’s largest oil consumer.
West Texas Intermediate futures declined 26c, or 0.3%, to $84.39 a barrel after gaining 1.1% in the previous session. Petrol inventories rose by 500,000 barrels and distillate stocks increased by 1-million barrels, compared with a forecast for both to drop.
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