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Oil falls on rising US stockpiles, but markets remain tense

Updated : May 22, 2019 10:12 AM IST

Brent crude futures were down 36 cents, or 0.5 percent, at $71.82.
Despite the slowdown, US bank Morgan Stanley said it expected Brent prices to trade in a $75-$80 per barrel range in the second half of this year.
Saudi Arabia on Wednesday said it was committed to a balanced and sustainable oil market.

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