SINGAPORE (AP) - Oil futures dipped below the US$47 mark in Asia on Thursday as prices continued to slide after the latest U.S. petroleum inventories data showed another impressive build in crude stocks.
The U.S. Department of Energy's midweek inventory data reported U.S. crude oil inventories rose to 334 million barrels in the week ending May 13 from the previous week - the 13th increase in the past 14 weeks - up 34 million barrels from a year ago.
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