Oil prices fall on large U.S. crude build, delay in U.S.-China trade signing
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NEW YORK (Reuters) - Oil prices fell on Wednesday after a much larger-than-expected build in U.S. crude inventories and after Reuters reported that the signing of a U.S.-China trade deal could be delayed until December.The decline reversed the gains of the previous three sessions.Brent crude was down $1.06, or 1.7%, to $61.90 a barrel by 2:07 p.m. EST (1907 GMT). West Texas Intermediate crude lost 74 cents, or 1.3%, to trade at $56.49 per barrel.Prices extended losses after Reuters reported..