Crude oil prices dropped again on Wednesday after a rebound from the lows touched on Monday amidst data that showed an accumulation of inventories in the U.S.
Data released by the American Petroleum Institute on Tuesday showed an increase of 3.26 million barrels in crude oil stockpile for the week ended March 17, versus expectations of a draw of 1.45 million barrels. The previous week had recorded an accumulation of 1.2 million barrels.
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