Oil futures settled lower on Wednesday after a weekly U.S. government report revealed an unexpected climb in gasoline supplies and an increase in oil production.August crude CLQ5, +0.02% lost 74 cents, or 1.2%, to settle at $60.27 a barrel on the New York Mercantile Exchange following a volatile session in the wake of supply data.
August Brent crude on London’s ICE Futures exchange LCOQ5, +0.22% ended at $63.49 a barrel, down 96 cents, or 1.5%.
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