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1/22, 10:35 PM (Source: TeleTrader)
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API data shows surprise jump in US oil inventories - report

Oil prices fell further in post'settlement trade on Wednesday after private data from the American Petroleum Institute (API) indicated that there was a surprise increase in crude oil stockpiles in the United States last week.

Crude oil stockpiles increased by 1.6 million barrels, with gasoline stockpiles rising by 4.5 million barrels and diesel stocks were up by 3.5 million barrels.

West Texas Intermediate fell 0.18% to $56.66 per barrel at 4:29 pm ET and Brent for March decreased 0.28% to $63.05 per barrel.

Breaking the News / VP