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But benchmark U.S. crude finished the month up nearly 3 percent.
A new report says the U.S. would benefit from lifting a nearly four-decade-old ban on exporting domestic crude oil.
Crude for July delivery fell $1.39 to close at $102.72 a barrel.
Cross Posted from Center for Progressive Reform Blog: On May 14, 2014, the EPA proposed new rules to control “residual risk” from hazardous air emissions (such as from benzene) at the nation’s petroleum refineries. The Clean Air Act requires the EPA to calculate whether or not residual risk to human health exists after […]
The U.S. oil price hit a one-month high earlier in the week.
A report from the Energy Department showed a drop of 7.2 million barrels in U.S. crude oil supplies.
An estimated 36.1 million Americans will travel at least 50 miles this holiday weekend, the highest total since the recession, AAA forecasts.
EPA officials say fewer gallons of ethanol are necessary because the fuel efficiency of cars improved more quickly than expected, helping lower fuel demand.
The average price for regular gasoline at U.S. pumps fell 3.49 cents in the past two weeks to $3.6876 a gallon, according to Lundberg Survey Inc.
Oil gained 2 percent for the week.