Crude Oil Tumbles After Unexpected Gain in Fuel Inventories
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Crude oil tumbled after an Energy Department report showed unexpected increases in inventories of gasoline and distillate fuels.
Oil slipped 0.5 percent after the department said gasoline supplies rose 3.81 million barrels to 214 million last week. They were forecast to fall 300,000 barrels, a Bloomberg News survey showed. Supplies of distillate fuels, including heating oil and diesel, climbed 2.15 million barrels.