Oil prices dropped after the government said inventories fell last week but remained nearly 11 percent above year-ago levels.

Benchmark oil fell 62 cents to end at $87.88 per barrel, heating oil fell 1.33 cents to $2.9907 per gallon and wholesale gasoline dropped 5.12 cents to $2.6378 per gallon. Natural gas gained 16.1 cents, or 4.5 percent, to $3.70 per 1,000 cubic feet.

In March agricultural crop contracts, wheat rose 3.5 cents to finish at $8.60 per bushel and corn gained 5.75 cents to $7.5775 per bushel.

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