Oil Prices Continue to Slide on Oversupply Worries Commodities::(WWW.COMMODITY.GURU )

Oil prices continued to fall on Thursday as data revealed crude inventories have been rising more than expected.

Crude Oil WTI Futures declined 0.4%, at $56.1 a barrel by 12:49 AM ET (05:49 GMT).
Meanwhile, Brent Oil Futures, the benchmark for oil prices outside the U.S., was down 0.2%, to $65.97.

The American Petroleum Institute reported on Wednesday that crude inventories rose by 8.8 million barrels in the week to Nov. 9 to 440.7 million, compared with earlier expectation for an increase of 3.2 million barrels.

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