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Key Levels for October 5th + Oil at Low

Oil prices settled Wednesday at their lowest in about five weeks, and gasoline futures saw their lowest price of the year after U.S. government data revealed a more than 6 million-barrel climb in gasoline stockpiles, signaling weakness in fuel demand.

Oil prices sharpened their losses after early weakness that followed news that Saudi Arabia, as expected, affirmed its plan to extend a production cut of 1 million barrels a day through year-end.

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