NEW YORK (CNNMoney.com) -- Oil retreated from its 14-month high Thursday, following 10 days of gains, as investors digested a recent report on rising crude supplies and as the dollar firmed against its major rivals.
What prices are doing: Crude oil for February delivery fell 77 cents to $82.41 a barrel. It closed at $83.18 Wednesday, the highest settlement since Oct. 9, 2008. The Energy Information Administration reported crude supplies and gasoline stockpiles posted increases Wednesday. Distillates, used to make heating oil and diesel, fell by a modest amount.
Full Story: Oil slips below $83 - CNNMoney.com
What prices are doing: Crude oil for February delivery fell 77 cents to $82.41 a barrel. It closed at $83.18 Wednesday, the highest settlement since Oct. 9, 2008. The Energy Information Administration reported crude supplies and gasoline stockpiles posted increases Wednesday. Distillates, used to make heating oil and diesel, fell by a modest amount.
Full Story: Oil slips below $83 - CNNMoney.com
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