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An API report on rising US crude stockpiles sent oil prices on a downhill journey on Wednesday. Brent crude futures dropped 0.6%, and were priced at $71.65 per barrel. On the other hand, US WTI crude futures fell 0.8%, to $63.49 per barrel. Industry group, API reported a rise of 6.8 million barrels in U.S. crude stocks, putting the inventory volume at the mark of 466.4 million barrels.