Oil dips, then recovers, after unexpected rise in crude inventories

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Oil dips, then recovers, after unexpected rise in crude inventories
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Oil futures were little changed after briefly extending losses Wednesday after government data showed an unexpected rise in U.S. crude inventories. Nymex...

Oil futures were little changed after briefly extending losses Wednesday after government data showed an unexpected rise in U.S. crude inventories. Nymex West Texas Intermediate crude for May delivery CLK9, -0.08% was up 5 cents, or 0.1%, at $62.63 a barrel. It had declined 51 cents to traded at a session low of $62.07 immediately after the Energy Information Administration said U.S. crude stocks rose 7.2 million barrels in the week ended March 29.

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