Oil Market Update : Epic Research Singapore

Benchmark U.S. crude-oil futures headed solidly lower in early electronic trade Wednesday, giving away a chunk of the gains made in a monster rally the previous day as inventory data showed more oil on hand than expected.

West Texas Intermediate crude for March CLH5, -1.36%  was down $1.48, or 2.8%, at $51.57 a barrel by midday in East Asia.

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