oil prices fall on profit taking
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Oil Prices fall on profit taking

Arab Today, arab today

Arab Today, arab today Oil Prices fall on profit taking

Oil Prices fall on profit taking
Singapore - QNA

Crude futures fell on Wednesday as investors took gains after oil prices surged nearly 5% in the previous session, partly on the back of a forecast increase in demand next year. 
A surprise build in US crude stocks and a stronger US dollar which gained on Wednesday against a basket of currencies weighed on oil prices. 
US crude slipped 45 cents to $46.35 a barrel as of 0007 GMT after ending the previous session up $2.06, or 4.6%. 
Brent futures fell 51 cents to $47.96 a barrel after settling up $2.22, or 4.8%. 
Those were the biggest daily gains since April 8 and followed Monday's session when oil fell to two-month lows.

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