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Oil ends lower
Strong economic data and the Treasury Department's bad-bank plan help boost crude prices despite mixed inventory report.
By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: March 25, 2009: 2:53 PM ET
NEW YORK (CNNMoney.com) -- Oil prices remained lower but recovered some losses Wednesday after positive economic data and the Treasury Department's bad-bank plan outweighed a mixed inventory report.
Crude prices settled down $1.21, or more than 2.2%, to $52.77 Tuesday. Oil traded almost 4% lower just prior to the report's release.
The Energy Information Administration said oil supplies soared by 3.3 million barrels in the week ended March 20.
://money.cnn.com/2009/03/25/markets/oil/index.htm
Strong economic data and the Treasury Department's bad-bank plan help boost crude prices despite mixed inventory report.
By Julianne Pepitone, CNNMoney.com contributing writer
Last Updated: March 25, 2009: 2:53 PM ET

NEW YORK (CNNMoney.com) -- Oil prices remained lower but recovered some losses Wednesday after positive economic data and the Treasury Department's bad-bank plan outweighed a mixed inventory report.
Crude prices settled down $1.21, or more than 2.2%, to $52.77 Tuesday. Oil traded almost 4% lower just prior to the report's release.
The Energy Information Administration said oil supplies soared by 3.3 million barrels in the week ended March 20.
://money.cnn.com/2009/03/25/markets/oil/index.htm
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