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Oil Prices Fall at Settlement


Oil prices fell Thursday at settlement at the end of trading.

Brent crude futures fell by 58 cents, or 0.77 percent, to settle at $74.38 per barrel.

U.S. West Texas Intermediate (WTI) crude futures fell 88 cents, or 0.82 percent, to settle at $70.19 a barrel.

Economic data showed on Wednesday that U.S. crude inventories rose more than expected as refining activity rebounded, although crude futures are still up about 2 percent this week.

Source: Qatar News Agency