Brent crude drops as U.S. stockpiles fall last week

Source: Bloomberg
European benchmark Brent crude traded in London declined on Tuesday after the Federal Reserve Chairman-nominee Janet Yellen signaled that the bond-purchasing program may continue until its needed and as U.S stockpiles fell by 1 million barrels last week. Brent for delivery in January dropped 56 cents to $107.91 a barrel on the ICE Futures Europe Exchange.

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