Crude futures prices decline on USA oil stocks growth

As of December 16, Brent Crude futures for February settlement were trading 0.24% lower to settle at $ 50,64 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for February delivery on the New York Mercantile Exchange fell 0.19% to close at $ 47,53 a barrel.

Oil prices declined after the unexpected build-up of US inventories