Crude oil falls due to excess supply

Source: WBP Online
WTI and Brent prices declined as concerns about oil-production vanished, which made traders abandon their longs. The October contract for the Texas light sweet was 0.35% lower and traded at $93.56 a barrel. Brent for the same month lost 0.15% and was at $102.57 a barrel. With supply data showing a smaller inventories decline than expected at 944,000 barrels fuel inventories increased by 1.25 million barrels.
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