WTI oil is close to two-day low on U.S. data

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Source: Bloomberg
WTI oil futures for April settlement were lower by 14 cents to $90.29 a barrel on the New York Mercantile Exchange during Singapore trading session on Thursday. Oil was traded close to a two-day low as data on the U.S. stockpiles increased five times more than analysts' estimation. Market prefers to sell oil, since it seems that demand is not likely to cover the growth of supply at this moment.
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