Crude oil futures ended lower on Wednesday as traders parsed various inventory data releases. The data from the American Petroleum Institute revealed that for the week ending December 26, crude oil inventories in the U.S. increased by 1.7 million barrels. Besides, U.S. President Donald Trump's peace plan to end the Russia-Ukraine war has shown positive signals. Despite territorial concessions being a core of dispute in the revised 20-point proposal, Russia stated that the negotiations are nearing the final stage
Benchmark crude oil futures for February decreased $0.53 or 0.91% at $57.42 a barrel on the New York Mercantile Exchange. Brent crude for February delivery declined $0.48 or 0.8% to settle at $60.85 a barrel on London's Intercontinental Exchange.
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