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Oil Falls for Sixth Day as U.S. Inventories Near 22-Year High

Oil fell a sixth day in New York, the longest losing streak in almost two years, as U.S. crude supplies rose and Greece struggled to form a government, adding to concern that Europe’s economy is weakening.

Futures dropped after the Energy Department said stockpiles climbed 3.65 million barrels to 379.5 million, the most since August 1990. Inventories were forecast to advance 2 million barrels, according to the median of 12 analyst estimates in a Bloomberg survey. Equities slipped and the euro weakened after weekend elections in Greece.