Oil Falls to 3-Week Low as Investors Shrug Off U.S. Supply Dip

  • Crude inventories slipped 754,000 barrels last week: EIA
  • Imports along Gulf Coast dropped to lowest since 1991

Oil, Gas Markets: Demand Destruction and Supplies

Oil dropped to a three-week low in New York amid speculation that an unexpected decline in crude inventories is only temporary, with more gains to follow as production remains strong.

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