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Futures Movers: Oil prices fall to multiweek lows as U.S. crude stockpiles climb a second week [MarketWatch]

CME GROUP (CME)  More Company Research Source: MarketWatch
Last cme group earnings: 4/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.cmegroup.com
PDF Oil prices fall to multiweek lows as U.S. crude stockpiles climb a second week Oil futures turn sharply lower Wednesday as a second weekly rise in U.S. crude stockpiles and record domestic production halted earlier attempts to rebound from a three-session decline. March West Texas Intermediate crude CLH8, -1.97% dropped $1.11, or 1.8%, at $62.28 a barrel on the New York Mercantile Exchange, poised for the lowest finish since Jan. 8, according to FactSet data. Prices were trading higher at $63.67 before the supply data. Losses in Brent crude prices were less severe, however, following a report from Reuters that the Forties pipeline, which transports 450,000 barrels of North Sea oil a day, has been shut down due to the closure of a feed control valve. April Brent LCOJ8, -1.27% fell 55 cents, or 0.8%, to $66.31 a barrel on the ICE Futures Europe exchange, set for a settlement at a nearly six-week low. The U.S. Energy Information Administration reported early Wednesday that domestic [Read more]

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