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Oil prices fell on Wednesday, putting an end to the recent rally after a group from the industry revealed a larger-than-expected increase in U.S. crude stockpiles. Oil prices have been supported in recent weeks by hopes that major suppliers would curtail their output in a bit to raise prices.
Gold futures settled with a loss yesterday after better than expected U.S. economic data helped start a rally in the stock market. Bad start for gold in March is a good start for U.S. stocks.