Crude prices lower on projected stockpiles builds

Source: Reuters
© ScanPix/Reuters
Oil futures edged lower on Thursday ahead of the US crude inventory report that may show a huge rise in oil reserves. Futures for WTI fell 0.86% to $46.26 per barrel, while contracts for Brent declined 0.31% to $49.50 per barrel by 07:56 AM GMT. Meanwhile, oil prices remains under the pressure, as concerns about slowing demand and persisting global supply glut cap any upside price moves. 
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