Oil slips after unexpected build in U.S. crude stocks

SINGAPORE, March 22 (Reuters) – Oil fell in early Asian trade on Wednesday, paring two straight days of gains after an industry report showed U.S. crude inventories rose unexpectedly last week in a sign fuel demand may be weakening.Brent futures, which have risen more than 3% this week, were down 48 cents, or 0.6%, at $74.84 a barrel at 0203 GMT. U.S. West Texas Intermediate (WTI) crude futures were down 47 cents, or 0.7%, at $69.20.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, sources said.That defied expectations for a …
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