Oil prices fell about 1 percent on Wednesday after U.S. gasoline stocks fell more than expected last week, heightening pressure on the Biden administration to release oil from emergency reserves.
Benchmark Brent crude futures dropped 74 cents, or 0.9 percent, to $81.69 per barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 79 cents, or 1 percent, at $78.95.
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