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The U.S. economy, meanwhile, grew at a modest 2.4 percent annual rate from January through March, slightly slower than initially estimated. That, teamed with higher oil production and the use of more fuel-efficient vehicles, has sent the nation's oil supplies soaring. The U.S. Energy Department said the nation's supply of oil rose last week by 3 million barrels to 397.6 million barrels, the highest level since the government started collecting the data in 1978. In other energy futures trading on the New York Mercantile Exchange: Wholesale gasoline fell 5 cents to close at $2.76 a gallon. Heating oil fell 6 cents to close at $2.78 per gallon. Natural gas fell 4 cents to close at $3.98 per 1,000 cubic feet.
Pablo Gorondi in Budapest and Pamela Sampson in Bangkok contributed to this report.
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