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Oil prices fall as Canadian oil sands fields gradually return

May 12, 2016

Via: CNBC

Oil prices fell on Thursday, dragged down by the gradual return of Canadian oil sands output, reversing a sharp rise the previous day when the U.S. government detailed an unexpected fall in crude inventories.

International Brent crude futures were trading at $47.47 per barrel at 0434 GMT on Thursday, down 13 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude futures dropped 12 cents to $46.11.

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