Oil falls on rising US stocks, Saudi stance on cuts

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Oil falls on rising US stocks, Saudi stance on cuts

[IMG]https://s.yimg.com/bt/api/res/1.2/RYfMbqijKFzSbRlBQqnX_Q--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en-AE_XE/News/AFPEco**micEn/713f211e66e65fd85142f4ad9df0b2d2113d2bbf.jpg[/IMG]Oil prices fell Friday on the back of a sharp rise in US crude stockpiles and after Saudi Arabia rejected proposed output cuts. At around 1230 GMT, US benchmark West Texas Intermediate for delivery in March fell 66 cents to $30.11 a barrel. Brent **rth Sea crude for April delivery shed 46 cents to $33.82 a barrel compared with Thursday's close.




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