New York-Oil futures settled lower Wednesday as renewed demand pessimism prompted profit taking. NYMEX June WTI settled down 57 cents at $23.99/b and ICE July Brent was down $1.25/b on the day at $29.72/b. An overnight price rally faded ahead of the start of US trading after payroll processor ADP released advance data showing the US economy shed 20.2 million jobs in April. Official US employment data for the month is slated for release Friday.
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