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Oil price falls on rise in US crude inventories

CRUDE oil prices fell yesterday after a US government report showed a big increase in crude stocks and a big drop in demand, providing evidence that economic weakness is eroding fuel consumption in the world's biggest consumer of petroleum products.

CRUDE oil prices fell yesterday after a US government report showed a big increase in crude stocks and a big drop in demand, providing evidence that economic weakness is eroding fuel consumption in the world's biggest consumer of petroleum products.