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Oil falls towards 11 year low

2015-12-31 04:02:13| Energy - Topix.net

Crude prices fell more than 3 per cent on Wednesday, with Brent sliding toward 11-year lows, after an unusual build in US stockpiles and signs Saudi Arabia will keep adding to the global oil glut. Crude inventories in the United States, the world's largest petroleum producer, rose 2.6 million barrels last week, the US Energy Information Administration said.

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