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Oil Updates — Crude prices drop; Devon Energy misses profit estimates

RIYADH: Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the US crude inventories and expectations of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession. Brent crude futures slid 82 cents, or 0.96 percent, to $84.76 per barrel at 08.30 a.m. Saudi time, while US West Texas Intermediate crude
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