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Oil ends lower on Wednesday  

Oil ends lower on Wednesday  

Mubasher: Oil futures declined at Wednesday’s settlement, recording lowest level since 14 January.

July Nymex WTI fell $2.13, or 4%, to close at $51.14 per barrel. 

The Energy Information Administration (EIA) reported that US crude oil stockpiles rose by 2.2 million barrels to 485.5 million barrels in the week ended 7 June.