Oil Fluctuates in New York as U.S. Crude Stockpiles Seen Rising
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Oil fluctuated in New York after falling for a fifth time in six days before a report that may show inventories climbed in the U.S., the biggest crude user.
Futures pared earlier gains of as much as 0.5 percent after sliding 1 percent yesterday. U.S. crude supplies probably rose 2 million barrels last week for the longest run of increases since May, according to a Bloomberg survey before an Energy Department report tomorrow. The American Petroleum Institute will release separate inventory data today.