Oil down after weekly U.S. crude stocks exceed expectations
Brent futures, which have risen more than 3% this week, were down 37 cents, or 0.5%, at USD 74.95 a barrel at 0400 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 39 cents, or 0.6%, at USD 69.28. Data from the American Petroleum Institute on Tuesday showed U.S. crude inventories rose by about 3.3 million barrels in the week ended March 17.
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