Crude oil failed to follow strength in Wall Street and declined. News that the Enbridge 6A pipeline will resume operations soon disappointment oil traders and the front-month contract initially slumped to as low as 74.66. It was the stronger-than-expected inventory report that arrested the fall and narrowed the loss. Price ended the day at 76.02, down -1.02%. Oil product prices, however, performed better with gasoline slipping -0.33% and heating oil climbing +0.18%. Today in Asia, price extended the fall for the third consecutive day.
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Crude Oil Extends Weakness for a Third Day
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