WTI Advances a Fifth Day as U.S. Refiners Bolster Output
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West Texas Intermediate slipped from near its highest in five weeks after more Americans than projected filed applications for unemployment benefits.
Futures reversed an earlier increase of 0.4 percent in New York. First-time jobless claims rose by 16,000 to 357,000 in the week ended March 23, the highest level in more than a month, Labor Department data showed today in Washington. The U.S. economy slowed less than previously estimated in the fourth quarter, according to the Commerce Department.