Oil falls again amid supply surge
The price of oil fell late Wednesday, ending a four-day increase.
Oil tumbled as the U.S. government reported crude inventories surged last week, The Associated Press reports.
{mosads}Inventories jumped 6.3 million barrels, more than expected from analysts.
The price of oil had increased 19 percent over the past four days as many thought low prices had hit a bottom.
U.S. benchmark crude fell to $48.45 a barrel at the end of trading on Wednesday.
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