(Bloomberg) – Oil prices fell slightly on Monday as rising inventories in the US outweighed optimism that Lunar New Year celebrations in China were boosting demand.

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West Texas Intermediate fell 2 cents to $81.62 a barrel on Monday, only the second time oil prices have fallen in the past 12 trading sessions.

WTI’s fast spread sold off after an inventory build in Cushing, Oklahoma. Inventories at the delivery point for benchmark US crude futures rose about 1.6…

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