Oil extends losses on rising US stockpiles

Note: This section contains information in English only.
Source: CNBC
Crude futures dipped further on Thursday following the decline in previous sessions, as the unexpected growth of the US oil inventories reinforced fears of global supply glut. WTI futures dropped 0.7% to $40.98 per barrel, while contracts for Brent crude fell 0.59% to $46.88 per barrel by 07:58 AM GMT. A slowing Chinese economy, global oversupply and a firm US Dollar are the major downside risks for oil prices.
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Thu, 20 Aug 2015 10:21:04 GMT

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