Market News Briefing – 08:00 (GMT+1)

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Surprising increase in US oil inventories took down the price of oil.

The Oil prices fell to a low of more than three months following a rise in the weekly crude oil inventories in the United States, the first time in 10 weeks.

The US crude oil inventories increased last week by 1.7 million barrels, while the analysts talked about a forecast of a decline of 2.6 million barrels of crude inventory.

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