Oil extends losses as EIA says stocks build

Brent and U.S. crude futures fell on Thursday, extending earlier losses after a government report from the Energy Information Administration said crude stocks rose last week in the United States, against a forecast for a small drop.

Brent February crude fell 85 cents to $112.85 a barrel at 11:09 a.m. EST (1609 GMT), while U.S. February crude was down $1.07 at $102.15 a barrel.

© Thomson Reuters

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