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Oil Prices Fall Amid Rising Crude Inventories
Oil costs fell on Wednesday in Asia after the American Petroleum Institute (API) revealed that U.S. oil inventories rose a week ago.
The API said that rough inventories rose by around 600,000 for the week finished Oct. 25.
In the earlier week to Oct. 18, the API’s depiction recommended a rough form considerably bigger than the 2.2 million barrels that experts expected in the EIA report. At last, the official number was a drawdown of 1.7 million barrels.