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Oil prices fell in early trading today, after a sudden increase in US crude inventories, which reinforced concerns about weak demand even as supply contracted.
Reuters reported that US West Texas Intermediate crude futures fell 30 cents, or 0.4 percent, to $ 75.09, losing 3 percent gains achieved in the previous session.
Brent crude futures fell 38 cents, or 0.5 percent, to $80.30 a barrel.
US crude stocks rose by about 7.8 million barrels in the week ending on the ninth of December, as data from the American Petroleum Institute also showed an increase in gasoline stocks by about 900 thousand barrels, and distillate stocks by 3.4 million barrels.
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