Oil drops to 5-month low on concerns of oversupply, weak demand

Oil drops to 5-month low on concerns of oversupply, weak demand

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Oil prices continued their downward trend Wednesday, falling to a five-month low despite the release of government data showing crude total inventories in the US dropped by 4.6 million barrels last week. The Energy Information Administration data also showed gasoline stockpiles rising by more than…

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