Oil Ends With a Slight Gain After Two Sessions Of Declines

By Myra P. SaefongMarketsMarketWatch Pulse

Oil prices finished with a slight gain on Wednesday, finding support following losses in the past two trading sessions. Data from the U.S. Energy Information Administration showed a weekly decline in domestic crude supplies, which was smaller than expected, and demand for gasoline over the past month remained weak. June WTI crude rose 16 cents, or 0.3%, to settle at $47.82 a barrel on the New York Mercantile Exchange.

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