Oil Dips Toward $57 on Signs U.S. Gasoline Stockpiles Expanded - Bloomberg

Oil Dips Toward $57 on Signs U.S. Gasoline Stockpiles Expanded - Bloomberg:

"Oil slid toward $57 a barrel after industry data showed U.S. gasoline stockpiles expanded for the first time in four weeks.

Futures dropped 0.4 percent in New York after rising 0.3 percent on Tuesday. Motor fuel inventories climbed by 9.2 million barrels last week, the American Petroleum Institute was said to report. That will be the biggest gain since January 2016 if replicated in government data due on Wednesday. Nationwide crude stockpiles declined, according to the API data."



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