Oil settles lower as report shows ample supplies
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Oil prices eased back Wednesday on a report showing crude inventories grew more than expected last week and that supplies of gasoline were still well above average.
Benchmark crude for May delivery fell 96 cents to settle at $85.88 a barrel on the New York Mercantile Exchange. The contract rose 22 cents to settle at $86.84 on Tuesday after hitting an 18-month high of $87.09 a barrel. (AP)
