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SINGAPORE (AP) - Oil prices were little changed Thursday after U.S. government fuel stocks data showed gasoline supplies shrank less than expected, while crude stocks rose.
Light, sweet crude for June delivery edged down 7 cents to $63.61 a barrel in Asian electronic trading on the New York Mercantile Exchange midmorning in Singapore. The contract on Wednesday fell 72 cents to settle at $63.68 a barrel.
The U.S. Energy Information Administration's weekly inventory report released Wednesday showed a 1.1 million barrel drop in gasoline stocks last week. Analysts surveyed by Dow Jones Newswires had forecast a drop of 1.2 million barrels.
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