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Thu 06 Jun 2009Oil dips as US fuel stocks grow
Oil fell towards $68 a barrel today, after US fuel inventories rose by more than expected and the dollar held steady, as concerns over the health of the world economy persisted.
Gasoline stocks in the world's top consumer rose 3.9 million barrels last week, far exceeding analysts' predictions, as refiners prepared for the peak driving season, which is expected to be less robust this year, while distillates hit 10-year highs.
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