Oil Prices Slip as Inventories Rise

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Oil prices slipped Thursday as U.S. natural-gas inventories rose, easing fears that there won’t be enough fuel to heat homes as winter approaches.


Light sweet crude for December delivery fell 33 cents to $57.55 a barrel in early afternoon trading on the New York Mercantile Exchange. Heating oil was less than a cent higher in early afternoon trading at $1.7350 a gallon. Unleaded gas fell less than a cent to $1.4815, while natural gas fell 2.9 cents to $12.30 per million British thermal units.


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