| Oil prices pulled back from a one-month high on Wednesday, as yet another rally fizzled on a muddled supply outlook. Having pushed to nearly $50 a barrel in early trading, U.S. oil prices slid after government data showed that inventories of crude oil and refined fuels rose to a record high last week. U.S. crude-oil production also unexpectedly increased.
Wednesday’s data halted a rally fueled earlier in the week by forecasts for stronger global demand growth and continued declines in U.S. production...............................................Full Article: Source
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