Oil prices dip as U.S. inventories rise

Oil prices declined at the start of Asian trading after an unexpected rise in U.S. crude inventories. Brent crude futures fell to $107.82 per barrel, down 0.86%, while West Texas Intermediate futures dropped to $104.86, a decrease of 0.92%. Prices had closed yesterday with gains of over three dollars, reaching their highest levels since May, amid concerns over supply and increasing U.S. stockpiles.

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