Oil Prices Waver After Inventory Data

April 22, 2015 4:17 PM

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NEW YORK--U.S. oil prices fell Wednesday, paring earlier gains, as traders weighed growing domestic crude-oil supplies against concerns about lower-than-expected refinery activity.

Light, sweet crude for June delivery recently fell 23 cents, or 0.4%, to $56.38 a barrel on the New York Mercantile Exchange, after trading as high as $57.19 a barrel. Brent, the global benchmark, traded up 69 cents, or 1.1%, to $62.77 a barrel on ICE Futures Europe.

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