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Oil market is following its third day decrease on the market with announced oil inventory data by the private sector in the United States. The other reason was oil production cuts of Russia instead of reducing the production amount on the market. Oil futures contracts in New York decreased under the 50 USD for per barrel after reducing 1,5%. According to data announced by the American Petroleum Institute, U.S. oil inventory increased by 4.75 million barrels last week. It was the main reason of losing value on the global oil market. Official inventory data will be announced on Wednesday evening. We will see the clear picture after Wednesday.

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