NYMEX-Crude choppy, dips eyeing data, equities

Apr 22nd, 2009 - Reuters

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* IMF says world in severe recession * Global stock markets weaker NEW YORK, April 22 (Reuters) - U.S. crude oil future edged lower onWednesday in choppy trading ahead of government inventory data and astraders eyed slumping equities buffeted by earnings news and a gloomy U.K.growth forecast. With the NYMEX June crude contract in the front-month position afterthe May contract expired Tuesday, oil markets got a surprise report of acrude supply dip in industry group American Petroleum Institute's reportreleased late Tuesday. API said domestic crude supplies fell 1.0 million barrels to 370.2million barrels in the week to April 17.

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