New York—Crude futures fell and term structures weakened Wednesday ahead of weekly US inventory data expected to show stocks climbing further into record-high territory. NYMEX April crude settled 74 cents lower at $53.59/b. ICE April Brent settled down 82 cents at $55.84/b. The ICE Brent front-month/second-month spread was minus 20 cents/b Wednesday, out from minus 10 cents/b a day earlier. The same spread for NYMEX crude was 7 cents wider at minus 34 cents/b.
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