Oil prices dip as US inventory build drags

Crude futures dipped on Wednesday as ballooning US storage volumes pressured prices, a trend some analysts said they expected to continue for another two months.



Brent oil futures were trading at $55.06 a barrel at 0508 GMT, down five cents, while US WTI crude was at $47.36 a barrel, down 15 cents.



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Posted in: Indian Market Tips