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NEW YORK (AP) - Commodities prices slumped across the energy, metals and agricultural markets Tuesday, led by declines in crude oil, gold and grains.
Oil prices buckled under a forecast for rising crude and gasoline inventories. Analysts expect a report by the Energy Information Administration, due out Wednesday, will show oil and gasoline stocks increasing for the third straight week, according to a Dow Jones Newswires survey.
The June contract for light, sweet crude, which expired Tuesday, shed $1.30 to settle at $64.97 a barrel on the New York Mercantile Exchange. The more heavily traded July contract fell $1.36 to close at $65.51.
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