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Market Impact: 0.4
Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure
Source: CNBC
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarEconomic Data
Oil prices fell on Wednesday after an unexpected increase in U.S. crude inventories signaled weaker near-term market fundamentals. The inventory build outweighed supply-risk concerns stemming from an Iran-backed attack on Saudi Arabia's East-West pipeline.
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