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Oil futures were little changed in New York, rebounding from a decline of 2.3 percent after the U.S. government reported an unexpected decline in supplies last week.
Crude oil for December delivery fell 2 cents to $96.78 a barrel on the New York Mercantile Exchange. Oil traded at $94.84 a barrel before the release of the report at 10:30 a.m. in Washington.
Oil pared losses after the U.S. Energy Department said supplies fell 1.37 million barrels last week. Analysts had expected a gain of 500,000 barrels.
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