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Oil hit by stockpile fears; dollar offsets some loss

Oil prices came under renewed pressure in Tuesday’s post-settlement trade, after a 3-day losing streak, as an industry group reported a huge build in U.S. crude inventories ahead of official data.

Benchmark Brent oil had earlier ended up for the session, supported by a weaker dollar and short-covering, while U.S. crude closed down on bets that inventories hit record highs for a 10th straight week.

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