Oil prices decline amid rising inventories

New York, Dec 31 (IANS) Oil prices fell Wednesday as US crude stockpiles increased unexpectedly.

The West Texas Intermediate for February delivery moved down $1.27 to settle at $36.6 a barrel on the New York Mercantile Exchange, while Brent crude for February delivery decreased $1.33 to close at $36.46 a barrel on the London ICE Futures Exchange.

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