WTI oil fell more than 3% after the data of an unexpected rise in US stocks
Oil prices during trading Wednesday extended losses, while the cost of WTI US varieties fell more than 3 percent after the data of an unexpected increase in oil reserves in the US, reviving fears of excess supply in the market.
US Energy Information Administration reported an increase in oil reserves by 2.5 million barrels last week, while the expected decline of nearly half a million barrels, while gasoline stocks showed virtually zero weekly dynamics of the forecast decline of 1.2 million barrels.
By 18.40 GMT, futures for Brent oil fell 2.2 percent to $ 48.86 per barrel.
Futures for WTI US crude traded at this time about the level of $ 46.60 per barrel, or 3.1 percent below the previous close.
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