Oil prices on Wednesday regained little ground lost in the previous session, wei...
LONDON - Oil prices on Wednesday regained little ground lost in the previous session, weighed down by industry data suggesting U.S. crude inventories fell less than expected.
The smaller-than-expected decline suggested production shut-ins caused by Hurricane Barry late last week had little impact on inventories. The Bureau of Safety and Environmental Enforcement said 1.1 million barrels per day of oil, or 58% of the region’s total, and 1.4 billion cubic feet per day of natural gas output remained shut.
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