Oil futures fall, with U.S. prices ending at a more than 1-week low

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Oil futures declined Wednesday, with U.S. prices at their lowest in over a week. Prices found little support as traders continued to fret over the potential for further pandemic-related economic shutdowns that would weaken energy demand. The Energy Information Administration on Wednesday reported a weekly decline in U.S. crude supplies-the second one in a row, but it was smaller than expected. December West Texas Intermediate crude fell $1.67, or 4%, to end at $40.03 a barrel on the New York Mercantile Exchange. That was the lowest front-month contract finish since Oct. 12, according to FactSet data.
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