Melbourne-Sana
Oil prices fell today, giving up the gains of the previous session, after an unexpected increase in US crude and fuel inventories, which raised concerns about fuel demand.
Reuters reported that West Texas Intermediate crude futures fell 59 cents
Or 0.8 percent, to $74.53 a barrel, while Brent crude futures fell 62 cents, or 0.8 percent, to $79.48 a barrel.
Sources said, quoting data from the American Petroleum Institute, that US crude stocks jumped by 14.9 million barrels in the week ending on the sixth of January.
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