Oil Slides Near $50 on Signs U.S. Fuel Stockpiles Increased - Bloomberg:
"Oil declined to near $50 a barrel as U.S. industry data showed an increase in gasoline stockpiles and a boost in crude inventories at the nation’s biggest storage hub.
Futures lost as much as 1 percent in New York, after falling 2.4 percent in the previous two sessions. Gasoline supplies rose by 4.91 million barrels last week, the American Petroleum Institute was said to report. That will be the biggest gain since January if replicated in government data Wednesday. Libya is gradually resuming output at its biggest oil field, people familiar with the matter said."
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