14-12-2016 14:57 via uk.news.yahoo.com

Oil prices fall on rising U.S. crude stocks, 2017 overhang

By Ahmad Ghaddar LONDON (Reuters) - Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and as OPEC signalled a growing crude surplus next year unless production cuts are implemented. International Brent crude futures were down 82 cents at $54.90 per barrel at 1334 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures were down 92 cents at $52.06 a barrel. Traders said the price falls followed an industry report of surprise increases in U.S. crude inventori
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