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Oil falls after rise in U.S. fuel stocks; doubt grows over global growth

Reuters  |  LONDON 

By Amanda CooperLONDON (Reuters) - Oil prices fell on Wednesday after a surprise rise in U.S. inventories of refined products in what the market interpreted as a sign of flagging demand.Brent crude futures were down 48 cents at $62.38 a barrel by 1002 GMT, down 2 percent since last Wednesday, while U.S. crude futures were off 46 cents at $57.16 a barrel.With global equities under pressure from sliding technology stocks and the U.S. bond market suggesting investors are cautious about the outlook for economic growth, industrial commodities such as crude oil and copper are feeling the pinch this ...

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First Published: Wed, December 06 2017. 15:57 IST