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West Texas Intermediate futures dropped more than 4 percent as stockpiles of Oil in the United States rose by 3.3 million barrels last week, versus expectations for a 3.5 million-barrel drop.Gasoline stockpiles also surged and demand for the fuel fell.
U.S. crude prices plunged toward $46 a barrel today. The next potential level to watch is the March low just below $44 a barrel. This price level was struck after oil prices fell through a number of key technical levels.

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