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Oil extends drop after a third-weekly rise in U.S. supplies

Market Watch
Oil extends drop after a third-weekly rise in U.S. supplies

Oil futures dropped Thursday, headed for their lowest finish month to date, after a report revealed a third-weekly rise in U.S. crude supplies. Prices also suffered in the wake of a global equity rout that raised concerns about the economy and the outlook for energy demand. “With a risk-off posture across