WTI edges lower on the U.S. inventories

Source: Bloomberg
West Texas Intermediate futures were lower by 34 cents to $94.30 a barrel on the New York Mercantile Exchange during Singapore trading session on Thursday. The price of oil edged lower as a government report indicated the biggest U.S. stockpiles since July, 1990. Oil reserves increased by 250,000 barrels and reached 389 million.

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