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Oil prices took a hit in the international market on Wednesday over an unexpected rise in US crude inventories and Saudi’s reassurance to keep the market balanced. Benchmark Brent crude dipped 0.5%, to $71.80 a barrel. US West Texas Intermediate (WTI) crude futures were traded 0.9% lower than their last close, at $62.55 a barrel. Saudi Arabia yesterday reiterated its commitment to a balanced and viable oil market.