Oil goes down on new data announcements on Thursday

Source: WBP Online
Crude oil futures continued losses on Thursday, as rising US inventories, expectations of Iranian output increase and the Federal Reserve meeting minutes weighed upon the price. WTI futures fell 1.2% to $47.63 per barrel and Brent futures dropped 1.4% to $48.23 per barrel. Both had hit 2016 highs before after announcements of prospective shortages in Canada, Nigeria and Venezuela.
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