Nymex oil futures close at lowest level in more than 4 months

West Texas Intermediate crude oil for September delivery on Nymex fell 59 cents, or 1.3%, to end at $45.15 a barrel on Wednesday, the lowest settlement for a most-active contract since March. Oil futures gave up early gains. A fall in weekly U.S. crude inventories was offset by a rise in supplies of gasoline and other products, while a stronger dollar also weighed on the market.

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From:: Stock Market News

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