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Prices had been set to settle at their lowest level since late November after U.S. government data revealed a rise of 5 million barrels in crude supplies to a record 533.1 million barrels for the week ended March 17.Xignite financial Web services help build smarter websites and applications in minutes with zero up-front investment.

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Oil ends lower as April contracts expire ahead of U.S. crude-supply data.Past oil spending could make for glut next year: Goldman Sachs.Super Surfer Power Networker Link your Times profile with your FB and Twitter accounts.Gasoline supplies fell by 2.8 million barrels, while distillate stockpiles declined by 1.9 million barrels last week, according to the EIA.

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Oil ends lower, as drop in gasoline stocks softens blow of record U.S. supplies.

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