Oil Closes Near $38 as Dollar Recovers, U.S. Stockpiles Grow

  • Dollar pares loss after falling to 9-month low against peers
  • Nationwide inventories rose to highest level since 1930: EIA

Deep Dive: Crude Positioning, Dash for Trash

Oil closed near $38 a barrel in New York, little changed from Wednesday, as investors assessed the impact of a weaker dollar, rising OPEC output and ample U.S. stockpiles.

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