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Oil falls about 1% on surprise US crude build, Saudi crude output

Updated : September 26, 2019 12:34 PM IST

Brent crude futures settled at $62.39 a barrel, shedding 71 cents, or 1.1 percent, while US West Texas Intermediate crude settled 80 cents, or 1.4percent, lower at $56.49 a barrel.
Saudi Arabia restored production capacity to 11.3 million barrels per day, a quicker recovery than expected after the September 14 attacks that halved more than half the kingdom's output.
China is the world's largest oil importer and is second-largest crude consumer after the United States.
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