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Oil Falls a Seventh Day, Longest Run of Losses Since 2009
Bloomberg – Oil fell for a seventh day in New York, its longest run of declines since December 2009, as hopes for a solution to Europe’s debt crisis receded, U.S. supplies rose and Chinese imports fell. West Texas Intermediate oil fell as much as 0.5 percent. Crude inventories rose 3.7 million barrels last week to 379.5 million, the highest level since 1990, even as fuel supplies shrank, Department of Energy data showed. Read Article
Tags: Asia, debt wealth, energy resources, Europe, North America
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