Oil Slips After Touching $50 a Barrel for First Time This Year
Brynjolfsson: Why the Oil Rally Will Falter
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Oil fell after touching $50 a barrel for the first time in more than six months Thursday as U.S. crude supplies and production declined.
Futures fell as much as 0.4 percent in New York after declining 0.2 percent on Thursday. Brent crude had topped $50 for the first time since November before erasing gains. U.S. stockpiles shrank more than expected last week, government data showed.