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Oil prices fell in early trade on Thursday after US crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recovery in demand from coronavirus lockdowns. WTI crude futures were down 3%, at $31.84 whilst, Brent crude futures last traded down 2.3% at $33.96. Many fear that Russia may not agree to extend production cuts as decided by OPEC and its allies.
