Oil prices lost more ground in the wake of the latest Energy Information Administration data Wednesday, which revealed a second straight weekly rise in U.S. crude supplies. The increase, however, nearly matched market expectations and came in at less than half the increase reported by trade group the American Petroleum Institute on Tuesday. Still, the EIA’s total domestic crude production figure hit a fresh weekly record at 10.369 million barrels a day for last week. April WTI crude dropped $1.71, or 2.7%, to trade at $60.89 a barrel on the New York Mercantile Exchange.
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