Oil Drops as Report of Swelling U.S. Stockpiles Aids Bear View

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Oil Drops as Report of Swelling U.S. Stockpiles Aids Bear ViewThe American Petroleum Institute was said to report an 8.63 million-barrel increase in crude inventories last week, compared with a forecasted 1.2 million barrel decline in a Bloomberg survey, before government data due Wednesday. The Yemeni rebel attack on two Saudi pumping stations forced the world’s top oil exporter to temporarily shut its main cross-country crude link.


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