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Reports of rising crude inventories in the US pushed oil prices a bit down today. U.S. WTI light crude was down at $66.49 a barrel, while Brent crude oil was marketed at $71.96/barrel. API reports on Tuesday showed a 3.7 million barrels rise in the US crude stock. The market has been torn from a few weeks between the darkening global economic outlook and impending supply shortage of Iranian crude.
