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Futures Movers: Crude prices slide on signs of rising U.S. inventories

Crude prices fell Wednesday after a report on U.S. crude supplies indicated a sharp jump in inventory, ahead of official data from the Energy Information Administration later.

West Texas Intermediate crude for July delivery CLN19, -1.86% fell 89 cents, or 1.7%, to $52.39 a barrel on the New York Mercantile Exchange, after settling flat on Tuesday. August Brent crude BRNQ19, -1.70% dropped 93 cents, or 1.5% to $61.35 a barrel on ICE Futures Europe, also on the heels of a steady close.

The American Petroleum Institute reported late Tuesday that U.S. crude supplies climbed by roughly 4.9 million barrels for the week ended June 7, according to sources.

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