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Crude oil was flat after the EIA reported that US crude oil supplies climbed by 2.9 million barrels last week compared to a forecast of a 1.7-million-barrel increase.
Brent oil was the top-loser as elevated US inventories and global demand concerns continued to weight on the commodity. Restricting the downswing, US building permits and housing starts rose more than expected last month.
Natural gas bounced off one-week low ahead of the US inventory report due on Thursday. Last week natural gas supplies stood 8% above the average range for this year period.
Heating oil declined despite further decrease in the US stockpiles. US distillate fuel supplies dropped by 2.2 million barrels last week and are standing below the lower limit of the average range.