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Oil prices try to steady after 12th straight drop

November 14, 2018

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U.S. oil prices wavered early Wednesday as investors continued to wrestle with rising crude supplies against lingering questions about demand.

West Texas Intermediate oil for December delivery CLZ8, +0.61% rose 23 cents, or 0.4%, at $55.91 a barrel, after settling Tuesday at $55.69 on the New York Mercantile Exchange. That was the lowest front-month contract finish since Nov. 16, 2017, and biggest one-day percentage decline, at over 7%, in more than three years, according to Dow Jones Market Data.

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