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Halliburton (HAL) Stock Falls on Lower Oil Prices

NEW YORK (TheStreet) -- Shares of Halliburton (HAL) were trading lower late Wednesday afternoon as oil prices fell and negatively impacted the Houston-based oilfield services company.

Crude oil (WTI) was down 3.62% to $44.67 per barrel and Brent crude was retreating 2.75% to $47.04 per barrel earlier today.

Oil was under pressure on a stronger dollar and an Energy Information Administration report indicating that crude stockpiles rose for a second consecutive week.

Crude stockpiles increased by 2.3 million barrels last week, while analysts were anticipating an uptick of just 921,000 barrels, according to Reuters. Distillate stockpiles...


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