Oil Prices Extend Decline for Third Day as US Inventory Jumped the Second-Largest on Record

Crude oil remained under pressure in Asia Tuesday, after falling over the past 2 days, as US crude inventory recorded the second largest increase in history while Reuters' estimate suggests that oil demand in China grew at the slowest pace in three years in 2016.

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Oil Prices Extend Decline for Third Day as US Inventory Jumped the Second-Largest on Record