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Oil losses deepen on US stock build and pandemic fears – Reuters

Oil prices extended their losses into a third day on Thursday as a surprise build-up in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan…

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Oil prices extended their losses into a third day on Thursday as a surprise build-up in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan raised fears that a demand recovery could be stalled.
Brent crude futures fell 37 cents, or 0.57%, to $64.95 a barrel by 0904 GMT, having dropped by $1.25 on Wednesday. U.S. West Texas Intermediate (WTI) crude futures were down 35 cents, or 0.57%, at $61 after losing $1.32 the previous day.
Both contracts had closed at their lowest since…

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