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Oil Prices Fall as US Supplies Rise


Crude oil prices fell Wednesday after a U.S. government report showed an increase in inventories, reflecting decreased demand.

The price of a barrel of oil for future delivery fell 35 cents [about one percent] to $38.68 a barrel during trading in New York.

The fall in prices followed a U.S. Energy Department report showing crude oil supplies in the U.S. rose last week by 549,000 barrels, or about two-tenths of one percent.

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