Oil Falls for First Time in Four Days After Supply Gain
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Oil dropped for the first time in four days after the U.S. Energy Department said inventories climbed the most in 20 months and as Western nations considered releasing crude from strategic reserves.
Futures fell 1.8 percent as the government said supplies rose 7.1 million barrels to 353.4 million last week, the largest increase since July 2010. French Industry Minister Eric Besson said the U.S. proposed releasing oil from strategic reserves. A White House official said no decision has been made.