Oil Falls Amid Speculation U.S. Supply Decrease Won't Ease Glut

Updated on
  • Stockpiles drop by 4.94 million barrels as output falls: EIA
  • Investors waiting for producer meeting in Doha on April 17

Oil Surges on Drop in U.S. Supply

Oil fell amid speculation that an unexpected U.S. crude supply decline won’t be followed by additional drops.

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