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Oil prices fall as crude in U.S. storage nears all-time high

Updated : April 27, 2020 08:08 AM IST

Oil prices fell on Monday over concerns of oil storage filling up rapidly.
U.S. West Texas Intermediate futures fell $1.22, or 7.2 percent, to $15.72 a barrel by 0122 GMT, while Brent crude was down 33 cents, or 1.5 percent, at $21.11 a barrel.
Oil futures marked their third straight week of losses last week - and have fallen for eight of the past nine - with Brent ending down 24 percent and WTI off around 7 percent.

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