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Oil futures fall further after EIA supply data

From marketwatch.com

Oil futures lost more ground Wednesday after the U.S. Energy Information Administration reported a climb in crude supplies that was a bit more than the market expected. Crude supplies rose 2.7 million barrels for the week ended March 29. Analysts polled by Platts expected a 2.5 million-barrel climb. Motor gasoline supplies fell by 600,000 barrels, while distillate stockpiles declined by 2.3 million barrels. Forecasts called for a decline or 1.25 million barrels for gasoline stockpiles and a fall of 1 million barrels in distillate supplies. Following the latest data, May crude CLK3 -0.93% traded at $96.25 a barrel, ... (full story)

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