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Oil ends lower as U.S. supplies rise, output slips
Oil futures settled lower on Wednesday after a U.S. government report showed crude supplies rose for a 15th week in a row, but domestic output slipped and gasoline inventories fell more than expected. On the New York Mercantile Exchange, June crude CLM5, -0.64% fell 45 cents, or 0.8%, to settle at $56.16 a barrel. It was trading at around $56.10 shortly before the supply data and topped $57 immediately after them. June Brent crude LCOM5, +1.24% on London’s ICE Futures exchange tacked on 65 cents, or 1.1%, to $62.73 a barrel. Early Wednesday, the U.S. Energy Information Administration reported another increase in ... (full story)
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