Oil falls on U.S. gasoline, distillate stock builds, record crude output
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NEW YORK (Reuters) - Oil prices on Wednesday fell about 1% to their lowest in over a month, after a U.S. report showed big increases in gasoline and distillates inventories and as crude production rose to a new record. U.S. gasoline stockpiles last week rose to their highest since February, while distillate inventories jumped to their most since September 2017, according to the U.S. Energy Information Administration (EIA).The EIA report also showed crude production for the week ended Jan. 10..