Oil prices retreated Wednesday as U.S. crude inventories increased last week.
Light, sweet crude for March delivery lost 4.60 U.S. dollars to settle at 48.45 dollars a barrel on the New York Mercantile Exchange.
Crude prices extend rally on signs of slowing production
China to set commercial crude oil reserve inventory
China crude oil reserves down 4 pct
Crude imports hit record in Dec
China crude imports surge
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