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United States – Oil prices fell on Wednesday and recorded the worst monthly performance since mid-2016 due to signs of an increase in global crude supply, but losses were limited with signs of a strong demand for fuel from the United States.
The Brent for delivery in December, which ended Wednesday earlier, lost 44 cents to settle at $ 75.47 a barrel. The January contract fell 91 cents to close at $ 75.04 a barrel.
According to Reuters, West Texas Intermediate crude futures prices fell 87 cents to $ 65.31 per barrel.
The benchmark gross exceeds by less than $ 10 its record level of the last four years, reached on October 3rd.
Gross has had the worst monthly performance since July 2016: Brent lost 8.8% over the month, while US crude declined 10.9%.
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