Brent crude futures fell by 98 cents, or 1.2%, to $83.74 a barrel by 0034 GMT, while U.S. West Texas Intermediate crude futures tumbled by $1.32, or 1.6%, to $82.59 a barrel.
President Joe Biden, speaking at a climate summit in Glasgow, blamed a surge in oil and gas prices on a refusal by OPEC nations to pump more crude.U.S. crude and distillate fuel stocks rose last week while gasoline declined, according to market sources citing American Petroleum Institute figures on Tuesday.
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