Oil edges down after higher-than-expected U.S. oil stockpiles

Source: Business Standard
© Scanpix/Reuters
Crude oil prices slipped on Wednesday after US stockpiles rose more than expected last week. Futures for WTI for November delivery were down $0.44 to trade at $44.79 per barrel, while Brent futures slid $0.36 to trade at $47.87 per barrel. Traders also expressed their concerns about the economic situation in China due to its effect on oil demand. 
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