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NOV 28, 2013 - MarketWatch

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Oil futures extend losses in electronic trade

LOS ANGELES (MarketWatch) -- Oil futures slipped in electronic trade Thursday, stretching losses following data that showed a rise in weekly U.S. crude inventory. Crude oil for January delivery shed 13 cents, or 0.1%, to $92.17 a barrel. The contract on Wednesday dropped 1.5% to $92.30 a barrel on the New York Mercantile Exchange, the lowest closing level since May 31, according to FactSet data tracking the most-active contracts. The decline came after the U.S. Energy Information Administration said crude supplies climbed by 3 million barrels for the week ended Nov. 22. Analysts polled by ... Read More

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