Oil lower after inventory report »
Posted By STONERS 1 year, 7 months ago in Business & FinanceOil prices pulled back sharply Wednesday after the government reported data that suggested that the high price of oil and gasoline are depressing demand for petroleum products.
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STONERS1 year, 7 months ago
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"Light, sweet crude for April delivery fell $4.46 to $104.96 a barrel on the New York Mercantile Exchange. The April contract expires Wednesday, and trading was much heavier in the May contract. May oil futures fell $4.71 to $103.79 a barrel on the Nymex."
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