Crude prices fall on likely U.S. stocks build

March 8, 2017 By Keith Wallis SINGAPORE (Reuters) – Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. Brent futures fell 29 cents, or 0.5 percent, to $55.63 as of 0504 GMT after settling down 0.2 percent in the previous session. U.S. West Texas Intermediate (WTI) crude fell 34 cents, or 0.6 percent, to $52.80 a barrel, after ending the previous session down…

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