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Oil retreated from the highest level in almost five months amid rising U.S. crude stockpiles and speculation producers will be unable to agree on an output freeze.Crude supplies rose to 538.6 million barrels last week, the most since 1930, the Energy Information Administration reported Wednesday.Oil surged Wednesday after the EIA said U.S. crude output fell to an 18-month low. The May contract, which expired Wednesday, rose 3.8 percent to close at $42.63 a barrel.Brent crude for June settlement slipped 62 cents, or 1.4 percent, to $45.18 a barrel on the London-based ICE Europe Futures exchange. Production was 1.5 million barrels Tuesday, one day before the strike ended.
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