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Oil down slightly in choppy session on mixed U.S. crude stocks data

Reuters  |  NEW YORK 

By Ayenat MersieNEW YORK (Reuters) - Oil prices dipped on Wednesday in choppy trade, as a bigger-than-expected U.S. crude stock build pressured prices, but large draws of fuel stocks provided some support.U.S. crude stocks rose by 5 million barrels, the biggest jump since late January, the U.S. Energy Information Administration (EIA) said. Expectations had been for a 2 million barrel build. The effect was offset somewhat by a larger-than-expected draw on fuel stocks."I don't think we have a clear set of directions, and I don't think this (EIA) report gives that much of an insight as to ...

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First Published: Wed, March 14 2018. 22:51 IST
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