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Rising U.S. Crude Records Force Oil Prices Down

Oil prices fell Wednesday after reports showed increasing U. S. crude inventories, triggering worries for continued global crude over-supply.

The West Texas Intermediate for March Delivery erased 0.43 dollars to settle at 52.75 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery decreased 0.36 dollars to close at 55.08 dollars a barrel on the London ICE Futures Exchange. Enditem

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(Via: NewsGhana)