Crude and Distillate Stock Builds Weighed Further on Energy Prices

Energy prices remain under pressure as a report shows US inventory rose sharply last week. The front-month WTI crude contract fell for a second day, by -1.34% to 46.35, the lowest in 2 weeks, at close. The Brent contract declined -1.81% to settle at 48.37, the lowest close in 2 weeks. Refinery products also weakened further, by more than -1% on Tuesday.

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