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Oil futures settle sharply lower, with U.S. prices down nearly 3%

Oil futures settle sharply lower, with U.S. prices down nearly 3%

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Oil prices settled lower on Wednesday, with U.S. prices down by nearly 3%, pressured by data showing a decline in U.S. gasoline demand, as traders weighed speculation that Saudi Arabia and the United Arab Emirates have reached a compromise on production levels. Some news reports said the Saudis and the U.A.E.

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