Crude Oil Trades Near Three-Month High Before U.S. Supply Data
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Crude oil traded near its highest level in three months before a report forecast to show that U.S. crude inventories declined for the first time in three weeks.
Oil pared earlier losses of as much as 1.1 percent after a report showed that U.S. companies added more jobs than forecast in July. Analysts surveyed by Bloomberg News before a Department of Energy report today said stockpiles probably fell by 1.65 million barrels.