Oil prices slide on surprise crude build

The Energy Information Administration (EIA) reported a 2.4-million-barrel build in crude oil inventories for the week to August 2, shattering expectations of another sizeable draw. Brent crude traded at $57.39 a barrel and West Texas Intermediate changed hands for $52.00 a barrel, yesterday. Both benchmarks were down from Tuesday’s close by over two per cent.…

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