Economic news

Review: Oil prices headed lower

Crude futures dropped in Asian trade on Wednesday after forecasts pointed to a potential ninth straight week of increase in U.S. stocks, renovating anxiety about an oversupply of oil in the market.

Brent futures edged down 0.4 percent, at $55.69, after dipping 0.2 percent in the previous session.

WTI crude dropped 0.6 percent, to $52.85 a barrel.

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