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Despite the relatively bullish API figures, oil prices were unable to post gains. "This indicates a change of mood on the oil market, suggesting prices will drop further," said a report from Commerzbank analysts in Frankfurt. The Energy Department's Energy Information Administration is scheduled to announce its supply report
-- the market benchmark -- later Wednesday. In other Nymex trading in June contracts, heating oil was up 1.44 cents to $2.1545 a gallon and gasoline rose 0.33 cent to $2.1985 a gallon. Natural gas gained 1.6 cents to $4.147 per 1,000 cubic feet. In London, Brent crude was up 49 cents to $80.98 on the ICE futures exchange.
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