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    market news

    Oil Falls More Than 3 Percent on Supply Increase

    Investing News Network
    Oct. 26, 2011 05:16PM PST
    Resource Investing News

    AFP reported that oil prices declined more than 3 percent after reports confirmed that supplies rose more than expected.

    AFP reported that oil prices declined more than 3 percent after reports confirmed that supplies rose more than expected.

    As quoted in the market news:

    The Department of Energy reported an increase of 4.7 million barrels in the nation’s storage tanks last week.

    Click here to read the full AFP report

    market news
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