Crude oil fell after an Energy Department report indicated that inventories rose 3.42 million barrels. The increase puts crude oil inventories at their highest levels since last October. A Bloomberg survey of analysts had predicted a rise in crude inventories of 2 million barrels. The survey had also expected a rise in gasoline inventories of 500,000 barrels. Gasoline inventories declined 1.05 million barrels even as gasoline consumption fell 8.94 million barrels last week.
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James Sutliff