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MW: Oil futures deepen losses after economic data
 
By Polya Lesova
NEW YORK (MarketWatch) -- Oil futures extended their decline Wednesday after data showed that U.S. non-manufacturing industries contracted for the 10th consecutive month in July. Separately, the Commerce Department reported that U.S. factory orders rose in June. Crude for September delivery fell 78 cents, or 1.1%, to $70.64 a barrel in electronic trading on Globex.
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