Oil prices decline on US inventory surge
New York, Nov 17 (IANS) Oil prices declined on Wednesday in volatile trading as the US reported a 7.7-per cent increase of crude oil inventories.
The West Texas Intermediate for December Delivery lost $0.24 to settle at $45.57 a barrel on the New York Mercantile Exchange, while Brent crude for January delivery erased
$0.32 to close at $46.63 a barrel on the London ICE Futures Exchange, Xinhua news agency reported.