Oil closes down after u.S. stock pile up

On Thursday (10), oil futures contracts closed in moderate fall, due to data released by the United States Energy Department that indicated an increase in U.S. oil inventories last week. After six consecutive weekly falls, inventories increased by 2.033 million barrels.

Brent's november contract fell 1.78 percent to $40.06 per barrel at ICE in London, while the October WTI oil contract closed down 1.97 percent to $38.05 per barrel on the New York Stock Exchange (Nymex).

In addition to the unexpected increase in inventory, the fall in oil futures also influenced the appreciation of the dollar.

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