Crude Falls to Two-Week Low as U.S. Supply Gains Seen Resuming

  • Oil supply fell 559,000 barrels, fuel inventories rose: EIA
  • IEA sees glut lasting until late 2017 as output growth slows

Oil fell to the lowest in almost two weeks on speculation that a drop in U.S. crude inventories is only temporary and supplies will swell again as refineries shut down for maintenance in coming weeks.

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