Oil futures settled
lower Wednesday, putting an end to a streak of gains that spanned three
sessions, after data revealed that U.S. crude supplies rose by a
much-bigger-than-expected 6.6 million barrels for the week ended April
8.
Prices, however,
finished above the session's lows, finding support from a decline in
U.S. oil production and strong demand for gasoline. May WTI crude fell
41 cents, or 1%, to settle at $41.76 a barrel on the New York Mercantile
Exchange.
Source: MarketWatch
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