Oil Retreats Below $57

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Oil prices fell below $57 a barrel on Thursday, extending a steep sell-off from record highs after an unexpected rise in U.S. crude stockpiles.


Light sweet crude fell 44 cents to $56.82 a barrel after a 5 percent slide in two days from Monday’s all-time peak of $60.95. London Brent shed 42 cents to $55.73 a barrel.


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