Oil Declines, Despite Bullish Oil Inventory Data - Presented by: The Aol. On Network

The price of oil slipped Wednesday despite a report from the U.S. Department of Energy that showed stockpiles of crude fell more than expected last week. Benchmark U.S. crude for August delivery fell 86 cents to $104.48 a barrel on the New York Mercantile Exchange, its fifth day of declines. The contract closed at a 10-month high of $107.26 on June 20.



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