U.S. oil futures gain more than 3%, but recoup less than half of their recent loss

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Oil futures rose Wednesday, but U.S. prices recouped less than half of what they lost in the previous session. Analysts expect data this week to reveal a decline in U.S. crude supplies, but uncertainty over the outlook for energy demand continues to limit any price gains. October West Texas Intermediate oil rose $1.29, or 3.5%, to settle at $38.05 a barrel on the New York Mercantile Exchange following a loss of 7.6% on Tuesday.
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