SINGAPORE (ICIS)--Oil prices fell by more than $1/bbl on Thursday after industry data showed a surprise build in US crude inventories for the second straight week, raising concerns of faltering fuel demand. Data from the American Petroleum Institute (API) on 18 January showed that US crude inventories unexpectedly rose by 7.6m barrels last week. As for refined products, gasoline stocks increased by 2.8m barrels, while distillate inventories fell by 1.8m barrels.
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