Oil prices declined for the second consecutive day during early Asian trading this Wednesday.
Brent crude futures dropped 52 cents, or 0.55%, to $94.27 a barrel, after a 4.6% decline in the previous session.
Similarly, U.S. West Texas Intermediate (WTI) crude fell by $1.04, or 1.1%, to $90.24, following a 7.9% slump in the prior session.
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