Economics
Oil Falls as Economic Data Weaken, Stockpiles Advance
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Oil retreated for the third time in four days as data showed weaker U.S. economic growth and crude inventories rose to a three-month high.
Prices fell 1 percent as more Americans than forecast submitted claims for unemployment insurance last week and manufacturing contracted in the New York and Philadelphia regions. Oil stockpiles increased to 375.9 million barrels last week as production grew to an 18-year high.