Oil Drops From One-Week High on Forecast U.S. Stockpiles Rose
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Oil dropped from the highest close in more than a week before a report forecast to show that crude and gasoline stockpiles increased in the U.S.
Futures slipped as much as 1 percent, the first decline in three days, after failing to settle above $100 a barrel yesterday. A U.S. Energy Department report tomorrow will probably show oil inventories rose for the first time in a month, while gasoline supplies climbed for a third week, according to a Bloomberg News survey.