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Crude-oil futures on Wednesday put an end to a three-session winning streak on Nymex that lifted prices by more than 9%.
U.S. oil stockpiles last week hit a record of 417.9 million barrels, based on data that goes back to the 1980s.
Gold futures settled at their lowest level in nearly 7 weeks on Wednesday. Then it climbed back up after the release of minutes from the January Federal Reserve meeting.